PPP Loan information for Ace cutting equipment & supply inc

$282,820

Ace cutting equipment & supply inc was initially approved for PPP Loan of amount $282,820, the current approved amount is $282,820. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 18 jobs and $282,820 was used to fund payroll.

Ace cutting equipment & supply inc is New Business or 2 years or less

PPP Loan Search / MI / NOVI / Ace cutting equipment & supply inc

ACE CUTTING EQUIPMENT & SUPPLY INC

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ACE CUTTING EQUIPMENT & SUPPLY INC

Borrower Address

25806 NOVI RD

Borrower City

NOVI

Borrower State

MI

Borrower Zip

48375-1650

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

282820.00

Current Approval Amount

282820.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

NOVI

Project County Name

OAKLAND

Project State

MI

Project Zip

48375-1650

CD

MI-06

Jobs Reported

18

NAICS Code

423810

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

282820.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

284989.58

Forgiveness Date

02/12/2021

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