# PPP loan: ELLENDALE ELECTRIC CO. INC.
> **$1.01M** approved 02/09/2021 · Paid in Full · Loan `5777418400`
## Borrower
- **Name:** ELLENDALE ELECTRIC CO. INC.
- **Address:** 7722 US Highway 70, Bartlett, TN, 38133-2047
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.01M
- **Jobs reported:** 114
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*