# PPP loan: DOTSON ELECTRIC COMPANY INC.
> **$1.23M** approved 01/22/2021 · Paid in Full · Loan `3561238309`
## Borrower
- **Name:** DOTSON ELECTRIC COMPANY INC.
- **Address:** 551 Cal Batsel Rd, Bowling Green, KY, 42104-8520
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.23M
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Franklin Bank & Trust Company
- **Servicing:** Franklin Bank & Trust Company (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*