# PPP loan: SOUTHLAND ELECTRIC COMPANY INC
> **$956K** approved 03/12/2021 · Paid in Full · Loan `1054468609`
## Borrower
- **Name:** SOUTHLAND ELECTRIC COMPANY INC
- **Address:** 5640 Clifford Cir Ste B, Birmingham, AL, 35210-5413
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $956K
- **Initial approval:** $956K
- **Forgiven:** $961K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $956K
- **Utilities:** $1
- **Jobs reported:** 59
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*