# PPP loan: SOUTHWEST RURAL ELECTRIC ASSOCIATION, INC.
> **$551K** approved 04/15/2020 · Paid in Full · Loan `9777177108`
## Borrower
- **Name:** SOUTHWEST RURAL ELECTRIC ASSOCIATION, INC.
- **Address:** 700 N BROADWAY, TIPTON, OK, 73570-5018
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $557K (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $551K
- **Jobs reported:** 31
## Lender
- **Originating:** Frazer Bank
- **Servicing:** Frazer Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*