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American Electric, INC

$181,000 PPP Loan in Eldridge, Iowa

Loan Details

Loan Number
5109147106
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$181,000
Current Approval
$181,000
Forgiveness Amount
$182,354
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
American Electric, INC
Address
1140 E Price St
City
Eldridge
State
Iowa
ZIP Code
52748-1710
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
$6.3M
Rural/Urban
Urban
Congressional District
IA-01

Loan Use Breakdown

Payroll
$165,000
Rent
$4,000
Utilities
$2,000
Health Care
$10,000

Lender Information

Servicing Lender
First Central State Bank
Originating Lender
First Central State Bank

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