PPP Loan information for Advanced electric, inc.

$49,182

Advanced electric, inc. was initially approved for PPP Loan of amount $49,182, the current approved amount is $49,182. The loan was approved on 04/15/2020 by The VisionBank of Iowa reported 4 jobs and $49,182 was used to fund payroll.

Advanced electric, inc. is Existing or more than 2 years old

PPP Loan Search / IA / ALTOONA / Advanced electric, inc.

ADVANCED ELECTRIC, INC.

Date Approved

04/15/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

ADVANCED ELECTRIC, INC.

Borrower Address

8655 NE 38th Ave

Borrower City

ALTOONA

Borrower State

IA

Borrower Zip

50009-8709

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

49182.00

Current Approval Amount

49182.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25336

Servicing Lender Name

VisionBank of Iowa

Servicing Lender Address

104 Chestnut St

Servicing Lender City

AMES

Servicing Lender State

IA

Servicing Lender Zip

50010-8058

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALTOONA

Project County Name

POLK

Project State

IA

Project Zip

50009-8709

CD

IA-03

Jobs Reported

4

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

49182.00

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

Subchapter S Corporation

Originating Lender Location Id

25336

Originating Lender

VisionBank of Iowa

Originating Lender City

AMES

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

49601.41

Forgiveness Date

02/23/2021

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