PPP Loan information for Ace cutter grinding inc.

$62,500

Ace cutter grinding inc. was initially approved for PPP Loan of amount $62,500, the current approved amount is $62,500. The loan was approved on 03/20/2021 by The Star Bank reported 10 jobs and $62,500 was used to fund payroll.

Ace cutter grinding inc. is Existing or more than 2 years old

PPP Loan Search / MN / Monticello / Ace cutter grinding inc.

ACE CUTTER GRINDING INC.

Date Approved

03/20/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

ACE CUTTER GRINDING INC.

Borrower Address

114 Thomas Cir Ste 108

Borrower City

Monticello

Borrower State

MN

Borrower Zip

55362-8923

Loan Status Date

04/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

62500.00

Current Approval Amount

62500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36651

Servicing Lender Name

Star Bank

Servicing Lender Address

100 State Hwy 55 E

Servicing Lender City

MAPLE LAKE

Servicing Lender State

MN

Servicing Lender Zip

55358-4596

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Monticello

Project County Name

WRIGHT

Project State

MN

Project Zip

55362-8923

CD

MN-06

Jobs Reported

10

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

62496.00

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

Subchapter S Corporation

Originating Lender Location Id

36651

Originating Lender

Star Bank

Originating Lender City

MAPLE LAKE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

63081.60

Forgiveness Date

03/09/2022

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