# PPP loan: ALLIED ELECTRICAL SYSTEMS & SOLUTIONS, INC.
> **$173K** approved 04/30/2020 · Paid in Full · Loan `7123817308`
## Borrower
- **Name:** ALLIED ELECTRICAL SYSTEMS & SOLUTIONS, INC.
- **Address:** 1427 LINDBERGH DR, BEAUMONT, TX, 77707-4128
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 20
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*