# PPP loan: LYNCHES RIVER ELECTRIC COOPERATIVE, INC
> **$824K** approved 04/08/2020 · Paid in Full · Loan `7832017002`
## Borrower
- **Name:** LYNCHES RIVER ELECTRIC COOPERATIVE, INC
- **Address:** 707 S Arant Street, PAGELAND, SC, 29728-8224
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $824K
- **Initial approval:** $824K
- **Forgiven:** $834K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $824K
- **Jobs reported:** 58
## Lender
- **Originating:** First Palmetto Bank
- **Servicing:** First Palmetto Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*