# PPP loan: DIXIE ELECTRIC COMPANY, INC.
> **$1.52M** approved 04/05/2020 · Paid in Full · Loan `5271437010`
## Borrower
- **Name:** DIXIE ELECTRIC COMPANY, INC.
- **Address:** 580 TRADE CENTER ST, MONTGOMERY, AL, 36108-2108
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.53M (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.14M
- **Rent:** $303K
- **Utilities:** $76K
- **Jobs reported:** 139
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*