# PPP loan: LYON-LINCOLN ELECTRIC COOPERATIVE, INC.
> **$404K** approved 05/21/2020 · Paid in Full · Loan `9979747405`
## Borrower
- **Name:** LYON-LINCOLN ELECTRIC COOPERATIVE, INC.
- **Address:** 205 West Highway 14, TYLER, MN, 56178
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Unanswered
## Loan
- **Approval amount:** $404K
- **Initial approval:** $404K
- **Forgiven:** $406K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $404K
- **Jobs reported:** 27
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*