# PPP loan: AEY ELECTRIC, INC.
> **$302K** approved 04/30/2020 · Paid in Full · Loan `7542867306`
## Borrower
- **Name:** AEY ELECTRIC, INC.
- **Address:** 801 N MERIDIAN RD, YOUNGSTOWN, OH, 44509-1008
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $302K
- **Jobs reported:** 28
## Lender
- **Originating:** The Farmers National Bank of Canfield
- **Servicing:** The Farmers National Bank of Canfield (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*