ACME GEAR COMPANY INC. (MI) - 2020 PPP Loan Borrower Profile (# 5071848801)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACME GEAR COMPANY 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

5071848801

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$150,295

Date Loan was Approved

Apr 17, 2021

Amount Forgiven

$152,202.91

Date Loan was Forgiven

Jul 28, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

150,293

Lender

Fifth Third Bank

Business Detail

Business Type

Corporation

NAICS

332710

Borrower Location

Clinton Township, MI

Project Location

Clinton Township, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.