AMERICAN ELECTRICAL SALES CORPORATION (IA) - 2020 PPP Loan Borrower Profile (# 5514417206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN ELECTRICAL SALES CORPORATION. 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 Iowa.

Loan Detail

Loan Number

5514417206

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$140,665

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$141,770.78

Date Loan was Forgiven

Feb 9, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

140,665

Lender

Community State Bank

Business Detail

Business Type

Corporation

NAICS

561621

Borrower Location

DES MOINES, IA

Project Location

DES MOINES, IA

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.