American Electric Equipment INC

$594,000 PPP Loan in Beckley, West Virginia

Loan Details

Loan Number
9937477104
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$594,000
Current Approval
$594,000
Forgiveness Amount
$600,848
Forgiveness Date
Jun 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
American Electric Equipment INC
Address
150 Dixieland Rd
ZIP Code
25801-8070
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423610)
Business Age
Existing or more than 2 years old
Jobs Reported
58
Estimated Revenue
$17.8M
Rural/Urban
Rural
Congressional District
WV-01

Loan Use Breakdown

Payroll
$529,000
Rent
$25,000
Utilities
$40,000

Lender Information

Servicing Lender
Mcnb Bank and Trust Co.
Originating Lender
Mcnb Bank and Trust Co.

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