# PPP loan: PLANTERS ELECTRIC MEMBERSHIP CORPORATION
> **$937K** approved 04/07/2020 · Paid in Full · Loan `7206147009`
## Borrower
- **Name:** PLANTERS ELECTRIC MEMBERSHIP CORPORATION
- **Address:** US HIGHWAY 25, MILLEN, GA, 30442-6619
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $937K
- **Initial approval:** $937K
- **Forgiven:** $944K (101%)
- **Forgiveness date:** 01/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $750K
- **Mortgage interest:** $153K
- **Utilities:** $9K
- **Health care:** $25K
- **Jobs reported:** 48
## Lender
- **Originating:** Durden Banking Co., Inc.
- **Servicing:** Durden Banking Co., Inc. (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*