ACU DEVELOPMENT, INC. (AZ) - 2020 PPP Loan Borrower Profile (# 2583207703)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACU DEVELOPMENT, INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Arizona.

Loan Detail

Loan Number

2583207703

SBA Office Code

0988

Processing Method

PPP

Curent Loan Amount

$313,835

Date Loan was Approved

May 1, 2020

Amount Forgiven

$309,810.23

Date Loan was Forgiven

Sep 20, 2021

Loan Status

Charged Off

Loan Term

21 Months

Utilities Proced

1,125

Payroll Proced

267,810

Rent Proceed

21,000

Health Care Proceed

23,900

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

621610

Borrower Location

SCOTTSDALE, AZ

Project Location

SCOTTSDALE, AZ

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.