# PPP loan: SUMTER ELECTRIC MEMBERSHIP CORPORATION
> **$1.27M** approved 04/15/2020 · Paid in Full · Loan `1242507206`
## Borrower
- **Name:** SUMTER ELECTRIC MEMBERSHIP CORPORATION
- **Address:** 1120 FELDER ST, AMERICUS, GA, 31709-4323
- **NAICS:** 221121
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Mortgage interest:** $254K
- **Jobs reported:** 64
## Lender
- **Originating:** Citizens Bank of Americus
- **Servicing:** Citizens Bank of Americus (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*