# PPP loan: LAKE REGION ELECTRIC COOPERATIVE
> **$1.64M** approved 06/09/2020 · Paid in Full · Loan `9808517804`
## Borrower
- **Name:** LAKE REGION ELECTRIC COOPERATIVE
- **Address:** 1401 S BROADWAY, PELICAN RAPIDS, MN, 56572-4723
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.64M
- **Initial approval:** $1.64M
- **Forgiven:** $1.65M (101%)
- **Forgiveness date:** 01/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.64M
- **Jobs reported:** 70
## 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*