PPP Loan information for Ace electrical contractors inc.

$2,000,000

Ace electrical contractors inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/23/2021 by The Flagship Bank Minnesota reported 104 jobs and $2,000,000 was used to fund payroll.

Ace electrical contractors inc. is Existing or more than 2 years old

PPP Loan Search / MN / Minneapolis / Ace electrical contractors inc.

ACE ELECTRICAL CONTRACTORS INC.

Date Approved

01/23/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

ACE ELECTRICAL CONTRACTORS INC.

Borrower Address

8300 10th Ave N

Borrower City

Minneapolis

Borrower State

MN

Borrower Zip

55427-4480

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38227

Servicing Lender Name

Flagship Bank Minnesota

Servicing Lender Address

1415 Wayzata Blvd East

Servicing Lender City

WAYZATA

Servicing Lender State

MN

Servicing Lender Zip

55391-1938

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Minneapolis

Project County Name

HENNEPIN

Project State

MN

Project Zip

55427-4480

CD

MN-05

Jobs Reported

104

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

38227

Originating Lender

Flagship Bank Minnesota

Originating Lender City

WAYZATA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2007616.44

Forgiveness Date

06/18/2021

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