# PPP loan: MCLEOD ELECTRIC LLC
> **$362K** approved 03/27/2021 · Paid in Full · Loan `1500768704`
## Borrower
- **Name:** MCLEOD ELECTRIC LLC
- **Address:** 14671 Summers Rd, Baton Rouge, LA, 70818-6018
- **NAICS:** 811219
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $366K (101%)
- **Forgiveness date:** 05/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $362K
- **Jobs reported:** 37
## Lender
- **Originating:** Red River Bank
- **Servicing:** Red River Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*