# PPP loan: AMERICAN ELECTRIC CONSTRUCTION COMPANY LLC
> **$1.94M** approved 02/04/2021 · Paid in Full · Loan `2832308402`
## Borrower
- **Name:** AMERICAN ELECTRIC CONSTRUCTION COMPANY LLC
- **Address:** 620 Pratt Ave N, Schaumburg, IL, 60193-4557
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.94M
- **Initial approval:** $1.94M
- **Forgiven:** $1.95M (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.94M
- **Utilities:** $1
- **Jobs reported:** 83
## Lender
- **Originating:** Lakeside Bank
- **Servicing:** Lakeside Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*