BARROW UTILITIES AND ELECTRIC COOPERATIVE INC (AK) - 2020 PPP Loan Borrower Profile (# 6443657901)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BARROW UTILITIES AND ELECTRIC COOPERATIVE INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Alaska.

Loan Detail

Loan Number

6443657901

SBA Office Code

1084

Processing Method

PPP

Curent Loan Amount

$1,420,687

Date Loan was Approved

Jun 16, 2020

Amount Forgiven

$1,434,777.1

Date Loan was Forgiven

Jun 22, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

217,122

Payroll Proced

1,186,126

Rent Proceed

17,439

Lender

Native American Bank, National Association

Business Detail

Business Type

Cooperative

NAICS

221122

Borrower Location

BARROW, AK

Project Location

BARROW, AK

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.