# PPP loan: SOUTHSIDE ELECTRIC COOPERATIVE INC.
> **$3.58M** approved 04/01/2021 · Paid in Full · Loan `4816888705`
## Borrower
- **Name:** SOUTHSIDE ELECTRIC COOPERATIVE INC.
- **Address:** 2000 W Virginia Ave, Crewe, VA, 23930-1072
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.58M
- **Initial approval:** $3.58M
- **Forgiven:** $3.61M (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $3.58M
- **Utilities:** $1
- **Jobs reported:** 134
## Lender
- **Originating:** CoBank ACB
- **Servicing:** CoBank ACB (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*