# PPP loan: AREA ENERGY & ELECTRIC, INC.
> **$6.13M** approved 04/30/2020 · Paid in Full · Loan `6755377300`
## Borrower
- **Name:** AREA ENERGY & ELECTRIC, INC.
- **Address:** 2001 COMMERCE DR, SIDNEY, OH, 45365-9393
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.13M
- **Initial approval:** $6.13M
- **Forgiven:** $6.20M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.13M
- **Jobs reported:** 408
## Lender
- **Originating:** First National Bank in New Bremen
- **Servicing:** First National Bank in New Bremen (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*