# PPP loan: RICHLAND ELECTRIC COOPERATIVE
> **$358K** approved 04/15/2020 · Paid in Full · Loan `9624987103`
## Borrower
- **Name:** RICHLAND ELECTRIC COOPERATIVE
- **Address:** 1027 N Jefferson St, RICHLAND CENTER, WI, 53581
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $358K
- **Initial approval:** $358K
- **Forgiven:** $362K (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $358K
- **Jobs reported:** 15
## Lender
- **Originating:** Westby Co-op CU
- **Servicing:** Westby Co-op CU (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*