# PPP loan: ARK-LA-TEX ELECTRIC INC
> **$176K** approved 01/20/2021 · Paid in Full · Loan `1845308309`
## Borrower
- **Name:** ARK-LA-TEX ELECTRIC INC
- **Address:** 15437 US Highway 80 E, Waskom, TX, 75692-4403
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $179K (101%)
- **Forgiveness date:** 07/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $176K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*