# PPP loan: C & L ELECTRIC COOPERATIVE CORPORATION
> **$1.58M** approved 06/30/2020 · Paid in Full · Loan `6793818004`
## Borrower
- **Name:** C & L ELECTRIC COOPERATIVE CORPORATION
- **Address:** 900 CHURCH ST, STAR CITY, AR, 71667-4108
- **NAICS:** 238210
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.58M
- **Initial approval:** $1.58M
- **Forgiven:** $1.59M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.58M
- **Jobs reported:** 1
## Lender
- **Originating:** Relyance Bank
- **Servicing:** Relyance Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*