# PPP loan: THE ALCORN COUNTY ELECTRIC POWER ASSOCIATION
> **$1.35M** approved 05/18/2020 · Paid in Full · Loan `8335507403`
## Borrower
- **Name:** THE ALCORN COUNTY ELECTRIC POWER ASSOCIATION
- **Address:** 1909 TATE ST, CORINTH, MS, 38834-7981
- **NAICS:** 221122
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.35M
- **Initial approval:** $1.35M
- **Forgiven:** $1.36M (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.35M
- **Jobs reported:** 71
## Lender
- **Originating:** Renasant Bank
- **Servicing:** Renasant Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*