# PPP loan: ADVANCED ELECTRIC CONCEPTS INC.
> **$245K** approved 04/28/2020 · Paid in Full · Loan `7795747205`
## Borrower
- **Name:** ADVANCED ELECTRIC CONCEPTS INC.
- **Address:** 418 NE Repass Road Suite B6, Vancouver, WA, 98665
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $249K (102%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 19
## Lender
- **Originating:** Kabbage, Inc.
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*