ACE REFRIGERATION, INC. (IA) - 2020 PPP Loan Borrower Profile (# 4491347200)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACE REFRIGERATION, 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 Iowa.

Loan Detail

Loan Number

4491347200

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$418,500

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$423,115.13

Date Loan was Forgiven

Jun 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

418,500

Lender

Cedar Rapids Bank and Trust Company

Business Detail

Business Type

Corporation

NAICS

238220

Borrower Location

CEDAR RAPIDS, IA

Project Location

CEDAR RAPIDS, IA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.