PPP Loan information for Ace welding & machine inc.
$129,800
Ace welding & machine inc. was initially approved for PPP Loan of amount $129,800, the current approved amount is $129,800. The loan was approved on 01/28/2021 by The State Savings Bank reported 17 jobs and $129,800 was used to fund payroll.
Ace welding & machine inc. is Existing or more than 2 years old
ACE WELDING & MACHINE INC.
Date Approved
01/28/2021
SBA Office Code
0515
Processing Method
PPS
Borrower Name
ACE WELDING & MACHINE INC.
Borrower Address
1505 Premier St
Borrower City
Traverse City
Borrower State
MI
Borrower Zip
49686-4351
Loan Status Date
10/08/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
129800.00
Current Approval Amount
129800.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
34939
Servicing Lender Name
State Savings Bank
Servicing Lender Address
703 Main St
Servicing Lender City
FRANKFORT
Servicing Lender State
MI
Servicing Lender Zip
49635-9030
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Traverse City
Project County Name
GRAND TRAVERSE
Project State
MI
Project Zip
49686-4351
CD
MI-01
Jobs Reported
17
NAICS Code
811310
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
1.00
Payroll Proceed
129799.00
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
34939
Originating Lender
State Savings Bank
Originating Lender City
FRANKFORT
Originating Lender State
MI
Gender
Unanswered
Veteran
Unanswered
Non Profit
Forgiveness Amount
130578.80
Forgiveness Date
09/13/2021