# PPP loan: AMERICAN ELECTRIC & DATA, INC.
> **$1.45M** approved 04/04/2020 · Paid in Full · Loan `4975407005`
## Borrower
- **Name:** AMERICAN ELECTRIC & DATA, INC.
- **Address:** 112 St Charles St, NEW MELLE, MO, 63365-0340
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.45M
- **Initial approval:** $1.45M
- **Forgiven:** $1.46M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.23M
- **Rent:** $18K
- **Utilities:** $4K
- **Health care:** $200K
- **Jobs reported:** 74
## Lender
- **Originating:** Peoples Savings Bank of Rhineland
- **Servicing:** Peoples Savings Bank of Rhineland (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*