# PPP loan: MCDONOUGH POWER COOPERATIVE
> **$397K** approved 05/20/2020 · Paid in Full · Loan `9625547407`
## Borrower
- **Name:** MCDONOUGH POWER COOPERATIVE
- **Address:** 1210 W JACKSON ST, MACOMB, IL, 61455-1928
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $401K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Jobs reported:** 16
## Lender
- **Originating:** CoBank ACB
- **Servicing:** CoBank ACB (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*