AMERICAN ELECTRIC CONSTRUCTION INC (SD) - 2020 PPP Loan Borrower Profile (# 5847217007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN ELECTRIC CONSTRUCTION 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 South Dakota.

Loan Detail

Loan Number

5847217007

SBA Office Code

0876

Processing Method

PPP

Curent Loan Amount

$374,185

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$377,822.91

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

93,546

Payroll Proced

280,639

Lender

Security Savings Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

SIOUX FALLS, SD

Project Location

SIOUX FALLS, SD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.