PPP Loan information for Ace welding & machine inc.

$129,800

Ace welding & machine inc. was initially approved for PPP Loan of amount $129,800, the current approved amount is $129,800. The loan was approved on 01/28/2021 by The State Savings Bank reported 17 jobs and $129,800 was used to fund payroll.

Ace welding & machine inc. is Existing or more than 2 years old

PPP Loan Search / MI / Traverse City / Ace welding & machine inc.

ACE WELDING & MACHINE INC.

Date Approved

01/28/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

ACE WELDING & MACHINE INC.

Borrower Address

1505 Premier St

Borrower City

Traverse City

Borrower State

MI

Borrower Zip

49686-4351

Loan Status Date

10/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

129800.00

Current Approval Amount

129800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34939

Servicing Lender Name

State Savings Bank

Servicing Lender Address

703 Main St

Servicing Lender City

FRANKFORT

Servicing Lender State

MI

Servicing Lender Zip

49635-9030

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Traverse City

Project County Name

GRAND TRAVERSE

Project State

MI

Project Zip

49686-4351

CD

MI-01

Jobs Reported

17

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

129799.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

34939

Originating Lender

State Savings Bank

Originating Lender City

FRANKFORT

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

130578.80

Forgiveness Date

09/13/2021

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