ACE EMPLOYMENT AGENCY INC (MN) - 2020 PPP Loan Borrower Profile (# 9838307104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACE EMPLOYMENT AGENCY 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

9838307104

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$722,200

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$730,605.61

Date Loan was Forgiven

Jun 17, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,500

Payroll Proced

714,700

Rent Proceed

5,000

Lender

Alerus Financial, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

561311

Borrower Location

Richfield, MN

Project Location

Richfield, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

147

Business Age Description

Existing or more than 2 years old

Data Source: SBA.