# PPP loan: AEC ADVANCED ELECTRIC COMPANY
> **$154K** approved 06/15/2021 · Paid in Full · Loan `1017379102`
## Borrower
- **Name:** AEC ADVANCED ELECTRIC COMPANY
- **Address:** 3308 E Waterloo Rd, Akron, OH, 44312-4041
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 07/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $154K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** Valley Economic Development Partners, Inc.
- **Servicing:** Valley Economic Development Partners, Inc. (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*