ADVANCED ELECTRIC INC (OK) - 2020 PPP Loan Borrower Profile (# 4199128606)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED 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 Oklahoma.

Loan Detail

Loan Number

4199128606

SBA Office Code

0680

Processing Method

PPS

Curent Loan Amount

$157,258.75

Date Loan was Approved

Mar 18, 2021

Amount Forgiven

$157,668.05

Date Loan was Forgiven

Jun 28, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

157,254.75

Lender

Prosperity Bank

Business Detail

Business Type

Cooperative

NAICS

238990

Borrower Location

Oklahoma City, OK

Project Location

Oklahoma City, OK

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.