# PPP loan: AAE ELECTRIC INC
> **$291K** approved 04/08/2020 · Paid in Full · Loan `7693897007`
## Borrower
- **Name:** AAE ELECTRIC INC
- **Address:** 3502 N. Star Dr, STILLWATER, OK, 74075-2510
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $291K
- **Initial approval:** $291K
- **Forgiven:** $294K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Rent:** $19K
- **Utilities:** $3K
- **Debt interest:** $30K
- **Jobs reported:** 29
## Lender
- **Originating:** BancFirst
- **Servicing:** BancFirst (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*