# PPP loan: TENNESSEE ELECTRICAL COMPANY INC
> **$5.16M** approved 04/07/2020 · Paid in Full · Loan `7572937010`
## Borrower
- **Name:** TENNESSEE ELECTRICAL COMPANY INC
- **Address:** 1025 KONNAROCK RD, KINGSPORT, TN, 37664-3720
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.16M
- **Initial approval:** $5.16M
- **Forgiven:** $5.22M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.16M
- **Jobs reported:** 382
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*