# PPP loan: AMERICAN ELECTRIC INC.
> **$192K** approved 01/21/2021 · Paid in Full · Loan `2748268302`
## Borrower
- **Name:** AMERICAN ELECTRIC INC.
- **Address:** 351 Helena Flats Rd, Kalispell, MT, 59901-2430
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $192K
- **Initial approval:** $192K
- **Forgiven:** $194K (101%)
- **Forgiveness date:** 01/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $192K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Three Rivers Bank of Montana
- **Servicing:** Three Rivers Bank of Montana (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*