# PPP loan: EL-ARK ELECTRIC COMPANY
> **$397K** approved 02/10/2021 · Paid in Full · Loan `6159498410`
## Borrower
- **Name:** EL-ARK ELECTRIC COMPANY
- **Address:** 993 Industrial Rd, El Dorado, AR, 71730-6627
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $399K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $397K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Southern Bancorp Bank
- **Servicing:** Southern Bancorp Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*