# PPP loan: CENTRAL AL ELECTRIC COOP INC.
> **$3.44M** approved 04/15/2021 · Paid in Full · Loan `3685198802`
## Borrower
- **Name:** CENTRAL AL ELECTRIC COOP INC.
- **Address:** 103 Jesse Samuel Hunt Blvd, Prattville, AL, 36066-6777
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.44M
- **Initial approval:** $3.44M
- **Forgiven:** $3.48M (101%)
- **Forgiveness date:** 04/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $3.44M
- **Utilities:** $1
- **Jobs reported:** 144
## Lender
- **Originating:** River Bank & Trust
- **Servicing:** River Bank & Trust (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*