ACE IRON & METALS (IL) - 2020 PPP Loan Borrower Profile (# 4631587107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACE IRON & METALS. 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 Illinois.

Loan Detail

Loan Number

4631587107

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$118,600

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$119,822.24

Date Loan was Forgiven

Apr 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,900

Payroll Proced

99,900

Rent Proceed

2,500

Health Care Proceed

11,300

Lender

Busey Bank

Business Detail

Business Type

Corporation

NAICS

423930

Borrower Location

JOLIET, IL

Project Location

JOLIET, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.