ACE CUTTER GRINDING INC. (MN) - 2020 PPP Loan Borrower Profile (# 6232988608)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACE CUTTER GRINDING 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 Minnesota.

Loan Detail

Loan Number

6232988608

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$62,500

Date Loan was Approved

Mar 20, 2021

Amount Forgiven

$63,081.6

Date Loan was Forgiven

Mar 9, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

62,496

Lender

Star Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

332710

Borrower Location

Monticello, MN

Project Location

Monticello, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.