As part of the Paycheck Protection Program AMERICAN ELECTRIC INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

AMERICAN ELECTRIC INC


Loan Amount	$4,778,765
BusinessName	AMERICAN ELECTRIC INC
Address	1999 BUTLER LOOP RD
City	RICHLAND
State	WA
Zip	99354
NAICSCode	238210
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	205
DateApproved	04/15/2020
Lender	Bank of the West
CD	WA-04
BusinessName.clean	AMERICAN ELECTRIC

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

KENNICOTT BROS COMPANY
KENNIES MARKETS
AMERICAN ELECTRIC SUPPLY
AMERICAN ELECTRICAL CONTRACTORS
KENNY GLASS INCORPORATED