PPP Loan information for American electric company inc.

$171,250

American electric company inc. was initially approved for PPP Loan of amount $171,250, the current approved amount is $171,250. The loan was approved on 04/09/2020 by The JPMorgan Chase Bank, National Association reported 13 jobs and $171,250 was used to fund payroll.

American electric company inc. is Existing or more than 2 years old

PPP Loan Search / UT / DRAPER / American electric company inc.

AMERICAN ELECTRIC COMPANY INC.

Date Approved

04/09/2020

SBA Office Code

0883

Processing Method

PPP

Borrower Name

AMERICAN ELECTRIC COMPANY INC.

Borrower Address

78 W 13775 S STE 9

Borrower City

DRAPER

Borrower State

UT

Borrower Zip

84020

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

171250.00

Current Approval Amount

171250.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DRAPER

Project County Name

SALT LAKE

Project State

UT

Project Zip

84020-0126

CD

UT-03

Jobs Reported

13

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

156250.00

Mortgage Interest Proceed

0.00

Rent Proceed

3500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

11500.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

172587.94

Forgiveness Date

01/25/2021

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