# PPP loan: SOUTHERN MARYLAND ELECTRIC COOPERATIVE, INC.
> **$8.56M** approved 04/15/2020 · Paid in Full · Loan `1049987208`
## Borrower
- **Name:** SOUTHERN MARYLAND ELECTRIC COOPERATIVE, INC.
- **Address:** 15037 Burnt Store Road, Hughesville, MD, 20637
- **NAICS:** 221122
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.56M
- **Initial approval:** $8.56M
- **Forgiven:** $8.66M (101%)
- **Forgiveness date:** 06/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.44M
- **Mortgage interest:** $2.17M
- **Health care:** $947K
- **Jobs reported:** 476
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*