PPP Loan information for Area electric inc.

$84,120

Area electric inc. was initially approved for PPP Loan of amount $84,120, the current approved amount is $84,120. The loan was approved on 01/26/2021 by The Regions Bank reported 5 jobs and $84,120 was used to fund payroll.

Area electric inc. is Existing or more than 2 years old

PPP Loan Search / IA / Cedar Falls / Area electric inc.

AREA ELECTRIC INC.

Date Approved

01/26/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

AREA ELECTRIC INC.

Borrower Address

510 State St

Borrower City

Cedar Falls

Borrower State

IA

Borrower Zip

50613-3387

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

84120.00

Current Approval Amount

84120.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cedar Falls

Project County Name

BLACK HAWK

Project State

IA

Project Zip

50613-3387

CD

IA-02

Jobs Reported

5

NAICS Code

333120

Race

American Indian or Alaska Native

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

84119.00

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

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

84924.33

Forgiveness Date

01/19/2022

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