# PPP loan: SOUTHWEST LOUISIANA ELECTRIC MEMBERSHIP CORPORATION
> **$5.30M** approved 05/18/2020 · Paid in Full · Loan `8263727410`
## Borrower
- **Name:** SOUTHWEST LOUISIANA ELECTRIC MEMBERSHIP CORPORATION
- **Address:** 2727 SE EVANGELINE TRWY, LAFAYETTE, LA, 70508-2205
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.30M
- **Initial approval:** $5.30M
- **Forgiven:** $5.36M (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.30M
- **Jobs reported:** 266
## Lender
- **Originating:** CoBank ACB
- **Servicing:** CoBank ACB (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*