PPP Loan information for Ace employment agency inc

$722,200

Ace employment agency inc was initially approved for PPP Loan of amount $722,200, the current approved amount is $722,200. The loan was approved on 04/15/2020 by The Alerus Financial, National Association reported 147 jobs and $722,200 was used to fund payroll.

Ace employment agency inc is Existing or more than 2 years old

PPP Loan Search / MN / Richfield / Ace employment agency inc

ACE EMPLOYMENT AGENCY INC

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ACE EMPLOYMENT AGENCY INC

Borrower Address

6417 Penn Avenue South Ste 1

Borrower City

Richfield

Borrower State

MN

Borrower Zip

55423-1196

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

722200.00

Current Approval Amount

722200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Richfield

Project County Name

HENNEPIN

Project State

MN

Project Zip

55423-1196

CD

MN-05

Jobs Reported

147

NAICS Code

561311

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2500.00

Payroll Proceed

714700.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

730605.61

Forgiveness Date

06/17/2021

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