# PPP loan: SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE, INC.
> **$645K** approved 05/15/2020 · Paid in Full · Loan `6770707410`
## Borrower
- **Name:** SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE, INC.
- **Address:** 4818 HIGHWAY 8 WEST, ARKADELPHIA, AR, 71923-7169
- **NAICS:** 221121
- **Business type:** Cooperative
- **Business age:** Unanswered
## Loan
- **Approval amount:** $645K
- **Initial approval:** $645K
- **Forgiven:** $650K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $483K
- **Rent:** $97K
- **Utilities:** $64K
- **Jobs reported:** 29
## 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*