# PPP loan: LIGHTHOUSE ELECTRIC COOP
> **$912K** approved 04/28/2020 · Paid in Full · Loan `8198357202`
## Borrower
- **Name:** LIGHTHOUSE ELECTRIC COOP
- **Address:** 703 US HWY 70, FLOYDADA, TX, 79235-2736
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $912K
- **Initial approval:** $912K
- **Forgiven:** $917K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $684K
- **Utilities:** $228K
- **Jobs reported:** 42
## Lender
- **Originating:** First Texas National Bank
- **Servicing:** First Texas National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*