APPLIED ELECTRONICS CORPORATION (IA) - 2020 PPP Loan Borrower Profile (# 6113687003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to APPLIED ELECTRONICS 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

6113687003

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$166,500

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$167,785.75

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

10,500

Payroll Proced

125,700

Health Care Proceed

30,300

Lender

Northwest Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

332322

Borrower Location

SAINT CHARLES, IA

Project Location

SAINT CHARLES, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.