# PPP loan: PALMETTO ELECTRIC COOPERATIVE, INC.
> **$3.38M** approved 04/15/2020 · Paid in Full · Loan `9312897101`
## Borrower
- **Name:** PALMETTO ELECTRIC COOPERATIVE, INC.
- **Address:** 4063 Grays Hwy, RIDGELAND, SC, 29936
- **NAICS:** 221118
- **Business type:** Professional Association
- **Business age:** Unanswered
## Loan
- **Approval amount:** $3.38M
- **Initial approval:** $3.38M
- **Forgiven:** $3.42M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.38M
- **Jobs reported:** 144
## Lender
- **Originating:** SouthState Bank, National Association
- **Servicing:** SouthState Bank, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*