# PPP loan: AMERICAN ELECTRIC CONSTRUCTION INC
> **$374K** approved 04/06/2020 · Paid in Full · Loan `5847217007`
## Borrower
- **Name:** AMERICAN ELECTRIC CONSTRUCTION INC
- **Address:** 2212 E 39th Street N, SIOUX FALLS, SD, 57104-5409
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $374K
- **Initial approval:** $374K
- **Forgiven:** $378K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $281K
- **Utilities:** $94K
- **Jobs reported:** 34
## Lender
- **Originating:** Security Savings Bank
- **Servicing:** Security Savings Bank (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*