NAKNEK ELECTRIC ASSOCIATION (AK) - 2020 PPP Loan Borrower Profile (# 5448047410)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to NAKNEK ELECTRIC ASSOCIATION. 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

5448047410

SBA Office Code

1084

Processing Method

PPP

Curent Loan Amount

$440,734

Date Loan was Approved

May 12, 2020

Amount Forgiven

$445,503.59

Date Loan was Forgiven

Jun 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

24,000

Payroll Proced

330,551

Mortgage Interest Proceed

86,183

Lender

Native American Bank, National Association

Business Detail

Business Type

Cooperative

NAICS

221112

Borrower Location

NAKNEK, AK

Project Location

NAKNEK, AK

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.