AMERICAN ELECTRONIC COMPONENTS INC (IN) - 2020 PPP Loan Borrower Profile (# 9356977408)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN ELECTRONIC COMPONENTS INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Indiana.

Loan Detail

Loan Number

9356977408

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$150,000

Date Loan was Approved

May 20, 2020

Amount Forgiven

$150,954.17

Date Loan was Forgiven

Jan 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

18,000

Payroll Proced

121,245

Health Care Proceed

10,755

Lender

Lake City Bank

Business Detail

Business Type

Corporation

NAICS

335999

Borrower Location

ELKHART, IN

Project Location

ELKHART, IN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.