# PPP loan: LOCK-WOOD ELECTRIC INC.
> **$360K** approved 03/24/2021 · Paid in Full · Loan `8157778602`
## Borrower
- **Name:** LOCK-WOOD ELECTRIC INC.
- **Address:** 511 3rd Ave, Conway, AR, 72032-5816
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $360K
- **Initial approval:** $360K
- **Forgiven:** $363K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $360K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** First Security Bank
- **Servicing:** First Security Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*