# PPP loan: LAKELAND ELECTRIC, INC
> **$592K** approved 04/10/2020 · Paid in Full · Loan `2093127101`
## Borrower
- **Name:** LAKELAND ELECTRIC, INC
- **Address:** 1560 Brown Ave, Cookeville, TN, 38501-3930
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $592K
- **Initial approval:** $610K
- **Forgiven:** $596K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $592K
- **Jobs reported:** 86
## Lender
- **Originating:** Putnam 1st Mercantile Bank
- **Servicing:** Putnam 1st Mercantile Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*