# PPP loan: BENTON ELECTRIC SYSTEM
> **$247K** approved 05/18/2021 · Paid in Full · Loan `2932899005`
## Borrower
- **Name:** BENTON ELECTRIC SYSTEM
- **Address:** 436 Mayfield highway, Benton, KY, 42025
- **NAICS:** 221122
- **Business type:** 501(c)6 ¿ Non Profit Membership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $248K (100%)
- **Forgiveness date:** 12/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $247K
- **Jobs reported:** 11
## Lender
- **Originating:** Community Financial Services Bank
- **Servicing:** Community Financial Services Bank (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*