# PPP loan: DOYLE ELECTRIC INC
> **$1.24M** approved 04/09/2020 · Paid in Full · Loan `9404707000`
## Borrower
- **Name:** DOYLE ELECTRIC INC
- **Address:** 15035 Jefferson Hwy, BATON ROUGE, LA, 70817-6230
- **NAICS:** 238210
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.24M
- **Jobs reported:** 120
## 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*