Applied Electronics Corporation

$166,500 PPP Loan in Saint Charles, Iowa

Loan Details

Loan Number
6113687003
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$166,500
Current Approval
$166,500
Forgiveness Amount
$167,786
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Applied Electronics Corporation
Address
114 E Main
State
Iowa
ZIP Code
50240-1522
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332322)
Business Age
Existing or more than 2 years old
Jobs Reported
18
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$125,700
Utilities
$10,500
Health Care
$30,300

Lender Information

Servicing Lender
Northwest Bank
Originating Lender
Northwest Bank

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