# PPP loan: ADVANCED ELECTRIC INC.
> **$157K** approved 04/12/2020 · Paid in Full · Loan `3930907102`
## Borrower
- **Name:** ADVANCED ELECTRIC INC.
- **Address:** 3955 NW 36TH ST, OKLAHOMA CITY, OK, 73112-2953
- **NAICS:** 238990
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Jobs reported:** 14
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*