ACE BINDING CO. INC. (MD) - 2020 PPP Loan Borrower Profile (# 1421427201)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACE BINDING CO. 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 Maryland.

Loan Detail

Loan Number

1421427201

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$309,200

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$310,953.55

Date Loan was Forgiven

Nov 17, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

Payroll Proced

291,410

Mortgage Interest Proceed

Rent Proceed

Refinance EIDL Proceed

Health Care Proceed

17,790

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Corporation

NAICS

314999

Borrower Location

Baltimore, MD

Project Location

Baltimore, MD

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.