# PPP loan: SOUTHERN PLAINS ELECTRIC, INC.
> **$344K** approved 04/07/2020 · Paid in Full · Loan `7197237009`
## Borrower
- **Name:** SOUTHERN PLAINS ELECTRIC, INC.
- **Address:** 2006 WILLIAMS AVE, LAWTON, OK, 73507-2544
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $344K
- **Initial approval:** $344K
- **Forgiven:** $346K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Rent:** $29K
- **Utilities:** $29K
- **Health care:** $29K
- **Jobs reported:** 35
## Lender
- **Originating:** Liberty National Bank
- **Servicing:** Liberty National Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*