PPP Loan information for American electric, inc

$181,000

American electric, inc was initially approved for PPP Loan of amount $181,000, the current approved amount is $181,000. The loan was approved on 04/13/2020 by The First Central State Bank reported 19 jobs and $181,000 was used to fund payroll.

American electric, inc is Existing or more than 2 years old

PPP Loan Search / IA / ELDRIDGE / American electric, inc

AMERICAN ELECTRIC, INC

Date Approved

04/13/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

AMERICAN ELECTRIC, INC

Borrower Address

1140 E Price St

Borrower City

ELDRIDGE

Borrower State

IA

Borrower Zip

52748-1710

Loan Status Date

02/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

181000.00

Current Approval Amount

181000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24910

Servicing Lender Name

First Central State Bank

Servicing Lender Address

914 6th Ave

Servicing Lender City

DE WITT

Servicing Lender State

IA

Servicing Lender Zip

52742-1331

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELDRIDGE

Project County Name

SCOTT

Project State

IA

Project Zip

52748-1710

CD

IA-01

Jobs Reported

19

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2000.00

Payroll Proceed

165000.00

Mortgage Interest Proceed

0.00

Rent Proceed

4000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

10000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24910

Originating Lender

First Central State Bank

Originating Lender City

DE WITT

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

182353.78

Forgiveness Date

01/20/2021

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