# PPP loan: TOMBIGBEE ELECTRIC COOPERATIVE INC
> **$418K** approved 05/01/2020 · Paid in Full · Loan `8643947310`
## Borrower
- **Name:** TOMBIGBEE ELECTRIC COOPERATIVE INC
- **Address:** 3196 COUNTY HIGHWAY 55, HAMILTON, AL, 35570-7630
- **NAICS:** 221118
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $418K
- **Initial approval:** $418K
- **Forgiven:** $421K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $313K
- **Utilities:** $104K
- **Jobs reported:** 27
## Lender
- **Originating:** State Bank & Trust
- **Servicing:** State Bank & Trust (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*