# PPP loan: EXCELSIOR ELECTRIC MEMBERSHIP CORPORATION
> **$1.22M** approved 04/10/2020 · Paid in Full · Loan `1519237103`
## Borrower
- **Name:** EXCELSIOR ELECTRIC MEMBERSHIP CORPORATION
- **Address:** 986 SE BROAD ST, METTER, GA, 30439-3933
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $978K
- **Mortgage interest:** $244K
- **Jobs reported:** 50
## Lender
- **Originating:** Durden Banking Co., Inc.
- **Servicing:** Durden Banking Co., Inc. (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*