PPP borrower record
ADA ELECTRIC INC PPP loan record
Public SBA PPP loan record for ADA ELECTRIC INC. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$50,000
Approved amount
$50,254
Forgiven amount
2020-04-07
Date approved
Borrower and loan details
Borrower
ADA ELECTRIC INC
Loan number
7412127004
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Ada
Borrower state
Minnesota
Borrower ZIP
56510
Jobs reported
4
Loan status
Paid in Full
Forgiveness date
2020-10-13
Servicing lender
American Federal Bank
Originating lender
American Federal Bank
Reported use of proceeds
Payroll
$45,000
Rent
$5,000
Utilities
N/A
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.