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American Electric Co INC

$362,500 PPP Loan in Avon, Indiana

Loan Details

Loan Number
6777167003
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$362,500
Current Approval
$362,500
Forgiveness Amount
$364,524
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
American Electric Co INC
Address
7067 Galen Drive West
City
Avon
State
Indiana
ZIP Code
46123-8449
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
34
Estimated Revenue
$11.2M
Rural/Urban
Urban
Congressional District
IN-04

Loan Use Breakdown

Payroll
$337,916
Rent
$13,000
Utilities
$4,252
Health Care
$6,733
Debt Interest
$599

Lender Information

Servicing Lender
State Bank
Originating Lender
State Bank

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