PPP Loan information for American electric inc

$78,450

American electric inc was initially approved for PPP Loan of amount $78,450, the current approved amount is $78,450. The loan was approved on 04/15/2020 by The Pioneer Bank & Trust reported 9 jobs and $78,450 was used to fund payroll.

American electric inc is Existing or more than 2 years old

AMERICAN ELECTRIC INC

Date Approved

04/15/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

AMERICAN ELECTRIC INC

Borrower Address

1525 CENTRE ST

Borrower City

RAPID CITY

Borrower State

SD

Borrower Zip

57703-4001

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

78450.00

Current Approval Amount

78450.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66436

Servicing Lender Name

Pioneer Bank & Trust

Servicing Lender Address

700 State St

Servicing Lender City

BELLE FOURCHE

Servicing Lender State

SD

Servicing Lender Zip

57717-1421

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RAPID CITY

Project County Name

PENNINGTON

Project State

SD

Project Zip

57703-4001

CD

SD-

Jobs Reported

9

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

78450.00

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

Corporation

Originating Lender Location Id

66436

Originating Lender

Pioneer Bank & Trust

Originating Lender City

BELLE FOURCHE

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

79387.10

Forgiveness Date

06/28/2021

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