# PPP loan: TELLICO ELECTRIC, INC.
> **$268K** approved 04/15/2020 · Paid in Full · Loan `8457617105`
## Borrower
- **Name:** TELLICO ELECTRIC, INC.
- **Address:** 1200 WEST BROADWAY ST, STE A, LENOIR CITY, TN, 37771-2660
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $268K
- **Initial approval:** $268K
- **Forgiven:** $271K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $268K
- **Jobs reported:** 5
## Lender
- **Originating:** Commercial Bank
- **Servicing:** Commercial Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*