ACE-TEX ENTERPRISES, INC. (MI) - 2020 PPP Loan Borrower Profile (# 1635317307)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACE-TEX ENTERPRISES, 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 Michigan.

Loan Detail

Loan Number

1635317307

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$329,271

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$332,207

Date Loan was Forgiven

Mar 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

263,416.8

Mortgage Interest Proceed

65,854.2

Lender

Comerica Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

423840

Borrower Location

Detroit, MI

Project Location

Detroit, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.