PPP Loan information for Ace manufacturing & distributing

$79,000

Ace manufacturing & distributing was initially approved for PPP Loan of amount $79,000, the current approved amount is $79,000. The loan was approved on 05/01/2020 by The Peoples Bank of Alabama reported 9 jobs and $79,000 was used to fund payroll.

Ace manufacturing & distributing is Existing or more than 2 years old

ACE MANUFACTURING & DISTRIBUTING

Date Approved

05/01/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

ACE MANUFACTURING & DISTRIBUTING

Borrower Address

139 EWING AVE

Borrower City

GADSDEN

Borrower State

AL

Borrower Zip

35901-2514

Loan Status Date

05/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

79000.00

Current Approval Amount

79000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2037

Servicing Lender Name

Peoples Bank of Alabama

Servicing Lender Address

1912 Cherokee Ave SW

Servicing Lender City

CULLMAN

Servicing Lender State

AL

Servicing Lender Zip

35055-5595

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GADSDEN

Project County Name

ETOWAH

Project State

AL

Project Zip

35901-2514

CD

AL-04

Jobs Reported

9

NAICS Code

332510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

59400.00

Mortgage Interest Proceed

0.00

Rent Proceed

19600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

2037

Originating Lender

Peoples Bank of Alabama

Originating Lender City

CULLMAN

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

79765.86

Forgiveness Date

04/20/2021

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