# PPP loan: SOUTHWAY ELECTRIC COMPANY
> **$166K** approved 04/07/2020 · Paid in Full · Loan `6856907009`
## Borrower
- **Name:** SOUTHWAY ELECTRIC COMPANY
- **Address:** 245 Teague Trail Suite 21, LADY LAKE, FL, 32159
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Jobs reported:** 23
## Lender
- **Originating:** United Southern Bank
- **Servicing:** United Southern Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*