# PPP loan: AMS ELECTRIC INC
> **$310K** approved 04/11/2021 · Paid in Full · Loan `2185578808`
## Borrower
- **Name:** AMS ELECTRIC INC
- **Address:** 1038 W 23rd St, Tempe, AZ, 85282-1809
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $310K
- **Initial approval:** $310K
- **Forgiven:** $311K (100%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $310K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** American Federal Bank
- **Servicing:** American Federal Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*