# PPP loan: AMERICAN ELECTRONIC COMPONENTS INC
> **$150K** approved 05/20/2020 · Paid in Full · Loan `9356977408`
## Borrower
- **Name:** AMERICAN ELECTRONIC COMPONENTS INC
- **Address:** 1101 Lafayette Street, ELKHART, IN, 46516-2615
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $121K
- **Utilities:** $18K
- **Health care:** $11K
- **Jobs reported:** 18
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*