PPP Loan information for Ace precision industries, inc

$367,000

Ace precision industries, inc was initially approved for PPP Loan of amount $367,000, the current approved amount is $367,000. The loan was approved on 04/08/2020 by The Peoples Bank reported 25 jobs and $367,000 was used to fund payroll.

Ace precision industries, inc is Existing or more than 2 years old

PPP Loan Search / OH / AKRON / Ace precision industries, inc

ACE PRECISION INDUSTRIES, INC

Date Approved

04/08/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

ACE PRECISION INDUSTRIES, INC

Borrower Address

925 Moe Dr

Borrower City

AKRON

Borrower State

OH

Borrower Zip

44310-2518

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

367000.00

Current Approval Amount

367000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57732

Servicing Lender Name

Peoples Bank

Servicing Lender Address

138 Putnam St

Servicing Lender City

MARIETTA

Servicing Lender State

OH

Servicing Lender Zip

45750-2923

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

AKRON

Project County Name

SUMMIT

Project State

OH

Project Zip

44310-2518

CD

OH-13

Jobs Reported

25

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

293600.00

Mortgage Interest Proceed

0.00

Rent Proceed

73400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

57732

Originating Lender

Peoples Bank

Originating Lender City

MARIETTA

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

368977.72

Forgiveness Date

11/05/2020

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