# PPP loan: EL-ARK ELECTRIC COMPANY, INC.
> **$397K** approved 04/14/2020 · Paid in Full · Loan `7439497108`
## Borrower
- **Name:** EL-ARK ELECTRIC COMPANY, INC.
- **Address:** 993 Industrial Road, EL DORADO, AR, 71730-6627
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $401K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $298K
- **Rent:** $60K
- **Utilities:** $40K
- **Jobs reported:** 20
## 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*