PPP Loan information for Ace electric inc

$418,572

Ace electric inc was initially approved for PPP Loan of amount $418,572, the current approved amount is $418,572. The loan was approved on 03/12/2021 by The Hills Bank and Trust Company reported 32 jobs and $418,572 was used to fund payroll.

Ace electric inc is Existing or more than 2 years old

PPP Loan Search / IA / North Liberty / Ace electric inc

ACE ELECTRIC INC

Date Approved

03/12/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

ACE ELECTRIC INC

Borrower Address

1280 Progress St

Borrower City

North Liberty

Borrower State

IA

Borrower Zip

52317-4854

Loan Status Date

02/05/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

418572.00

Current Approval Amount

418572.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25080

Servicing Lender Name

Hills Bank and Trust Company

Servicing Lender Address

131 Main St

Servicing Lender City

HILLS

Servicing Lender State

IA

Servicing Lender Zip

52235

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

North Liberty

Project County Name

JOHNSON

Project State

IA

Project Zip

52317-4854

CD

IA-01

Jobs Reported

32

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

418567.00

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

25080

Originating Lender

Hills Bank and Trust Company

Originating Lender City

HILLS

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

422001.96

Forgiveness Date

01/06/2022

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