PPP Loan information for American electric co inc

$362,500

American electric co inc was initially approved for PPP Loan of amount $362,500, the current approved amount is $362,500. The loan was approved on 04/07/2020 by The State Bank reported 34 jobs and $362,500 was used to fund payroll.

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

PPP Loan Search / IN / AVON / American electric co inc

AMERICAN ELECTRIC CO INC

Date Approved

04/07/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

AMERICAN ELECTRIC CO INC

Borrower Address

7067 Galen Drive West

Borrower City

AVON

Borrower State

IN

Borrower Zip

46123-8449

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

362500.00

Current Approval Amount

362500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23892

Servicing Lender Name

State Bank

Servicing Lender Address

900 E 56th St

Servicing Lender City

BROWNSBURG

Servicing Lender State

IN

Servicing Lender Zip

46112

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AVON

Project County Name

HENDRICKS

Project State

IN

Project Zip

46123-8449

CD

IN-04

Jobs Reported

34

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4252.00

Payroll Proceed

337916.00

Mortgage Interest Proceed

0.00

Rent Proceed

13000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

6733.00

Debt Interest Proceed

599

Business Type

Corporation

Originating Lender Location Id

23892

Originating Lender

State Bank

Originating Lender City

BROWNSBURG

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

364523.96

Forgiveness Date

11/03/2020

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