# PPP loan: ORDES ELECTRIC INC
> **$1.54M** approved 02/05/2021 · Exemption 4 · Loan `3712928400`
## Borrower
- **Name:** ORDES ELECTRIC INC
- **Address:** 3401 Jean Lafitte Pkwy, Chalmette, LA, 70043-1605
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.48M (97%)
- **Forgiveness date:** 03/11/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.54M
- **Utilities:** $1
- **Jobs reported:** 49
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*