PPP Loan information for A-american electric inc

$500,000

A-american electric inc was initially approved for PPP Loan of amount $500,000, the current approved amount is $500,000. The loan was approved on 04/07/2020 by The First Bank reported 85 jobs and $500,000 was used to fund payroll.

A-american electric inc is Existing or more than 2 years old

PPP Loan Search / NC / FLETCHER / A-american electric inc

A-AMERICAN ELECTRIC INC

Date Approved

04/07/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

A-AMERICAN ELECTRIC INC

Borrower Address

25 SHEEHAN RD

Borrower City

FLETCHER

Borrower State

NC

Borrower Zip

28732-9514

Loan Status Date

06/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

500000.00

Current Approval Amount

500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

51812

Servicing Lender Name

First Bank

Servicing Lender Address

205 SE Broad St

Servicing Lender City

SOUTHERN PINES

Servicing Lender State

NC

Servicing Lender Zip

28387-6106

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FLETCHER

Project County Name

BUNCOMBE

Project State

NC

Project Zip

28732-9514

CD

NC-11

Jobs Reported

85

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

500000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

51812

Originating Lender

First Bank

Originating Lender City

SOUTHERN PINES

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

505277.78

Forgiveness Date

05/03/2021

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