Ace Electric INC

$1,328,277 PPP Loan in Allentown, Pennsylvania

Loan Details

Loan Number
9124577200
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$1,328,277
Current Approval
$1,328,277
Forgiveness Amount
$1,340,932
Forgiveness Date
Apr 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ace Electric INC
Address
813 N 4th Street
ZIP Code
18102
Business Type
Corporation
Industry (NAICS)
Construction (238390)
Business Age
Existing or more than 2 years old
Jobs Reported
89
Estimated Revenue
$15.3M
Rural/Urban
Urban
Congressional District
PA-07

Loan Use Breakdown

Payroll
$996,207
Rent
$250,000
Utilities
$82,069

Lender Information

Servicing Lender
Fulton Bank, National Association
Originating Lender
Fulton Bank, National Association

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