A.M. ELECTRIC INC (PA) - 2020 PPP Loan Borrower Profile (# 3025308302)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A.M. 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 Pennsylvania.

Loan Detail

Loan Number

3025308302

SBA Office Code

0303

Processing Method

PPS

Curent Loan Amount

$77,300

Date Loan was Approved

Jan 21, 2021

Amount Forgiven

$77,865.45

Date Loan was Forgiven

Oct 20, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

77,296

Lender

Citizens Bank, National Association

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

Philadelphia, PA

Project Location

Philadelphia, PA

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.