# PPP loan: COOPER ELECTRICAL CONTROLS, INC.
> **$560K** approved 04/03/2020 · Paid in Full · Loan `4457537009`
## Borrower
- **Name:** COOPER ELECTRICAL CONTROLS, INC.
- **Address:** SAM T BARKLEY DR, NEW ALBANY, MS, 38652-9506
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $560K
- **Initial approval:** $560K
- **Forgiven:** $564K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $465K
- **Utilities:** $50K
- **Health care:** $45K
- **Jobs reported:** 36
## Lender
- **Originating:** BNA Bank
- **Servicing:** BNA Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*