A-AMERICAN ELECTRIC INC (NC) - 2020 PPP Loan Borrower Profile (# 6828347010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A-AMERICAN ELECTRIC 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 North Carolina.

Loan Detail

Loan Number

6828347010

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$500,000

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$505,277.78

Date Loan was Forgiven

May 3, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

500,000

Lender

First Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

FLETCHER, NC

Project Location

FLETCHER, NC

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.