# PPP loan: RALLS COUNTY ELECTRIC COOPERATIVE
> **$706K** approved 04/27/2020 · Paid in Full · Loan `5106637203`
## Borrower
- **Name:** RALLS COUNTY ELECTRIC COOPERATIVE
- **Address:** 17594 Hwy 19 PO Box 157, NEW LONDON, MO, 63459-4835
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $706K
- **Initial approval:** $706K
- **Forgiven:** $711K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $706K
- **Jobs reported:** 28
## Lender
- **Originating:** Royal Banks of Missouri
- **Servicing:** Royal Banks of Missouri (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*