# PPP loan: ARKANSAS ELECTRIC SERVICE & CONTRACTING
> **$170K** approved 04/09/2020 · Paid in Full · Loan `9028207009`
## Borrower
- **Name:** ARKANSAS ELECTRIC SERVICE & CONTRACTING
- **Address:** 1421 EAST 9TH STREET, LITTLE ROCK, AR, 72202-4126
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Jobs reported:** 15
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*