# PPP loan: CORDELL ELECTRIC, INC.
> **$204K** approved 04/10/2020 · Paid in Full · Loan `1823317108`
## Borrower
- **Name:** CORDELL ELECTRIC, INC.
- **Address:** 104 THRASHER PIKE, SODDY DAISY, TN, 37379-4264
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $173K
- **Rent:** $15K
- **Utilities:** $15K
- **Jobs reported:** 18
## Lender
- **Originating:** Citizens Tri-County Bank
- **Servicing:** Citizens Tri-County Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*