PPP Loan information for Ace refrigeration inc.

$427,257

Ace refrigeration inc. was initially approved for PPP Loan of amount $427,257, the current approved amount is $427,257. The loan was approved on 04/09/2021 by The Farmers & Merchants Savings Bank reported 19 jobs and $427,257 was used to fund payroll.

Ace refrigeration inc. is Existing or more than 2 years old

PPP Loan Search / IA / Cedar Rapids / Ace refrigeration inc.

ACE REFRIGERATION INC.

Date Approved

04/09/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

ACE REFRIGERATION INC.

Borrower Address

6440 6th St SW

Borrower City

Cedar Rapids

Borrower State

IA

Borrower Zip

52404-4733

Loan Status Date

03/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

427257.00

Current Approval Amount

427257.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25211

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

101 E Main St

Servicing Lender City

MANCHESTER

Servicing Lender State

IA

Servicing Lender Zip

52057-1736

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Cedar Rapids

Project County Name

LINN

Project State

IA

Project Zip

52404-4733

CD

IA-02

Jobs Reported

19

NAICS Code

423740

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

427255.00

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

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

431149.79

Forgiveness Date

03/09/2022

;