PPP Loan information for Area energy & electric, inc.

$6,131,388

Area energy & electric, inc. was initially approved for PPP Loan of amount $6,131,388, the current approved amount is $6,131,388. The loan was approved on 04/30/2020 by The First National Bank in New Bremen reported 408 jobs and $6,131,388 was used to fund payroll.

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

PPP Loan Search / OH / SIDNEY / Area energy & electric, inc.

AREA ENERGY & ELECTRIC, INC.

Date Approved

04/30/2020

SBA Office Code

0593

Processing Method

PPP

Borrower Name

AREA ENERGY & ELECTRIC, INC.

Borrower Address

2001 COMMERCE DR

Borrower City

SIDNEY

Borrower State

OH

Borrower Zip

45365-9393

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

6131388.25

Current Approval Amount

6131388.25

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57929

Servicing Lender Name

First National Bank in New Bremen

Servicing Lender Address

435 S Washington St

Servicing Lender City

NEW BREMEN

Servicing Lender State

OH

Servicing Lender Zip

45869-1254

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SIDNEY

Project County Name

SHELBY

Project State

OH

Project Zip

45365-9393

CD

OH-15

Jobs Reported

408

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

6131388.25

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

57929

Originating Lender

First National Bank in New Bremen

Originating Lender City

NEW BREMEN

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

6198917.51

Forgiveness Date

06/16/2021

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