ACESBIDCOM CO (MN) - 2020 PPP Loan Borrower Profile (# 7397177009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACESBIDCOM CO. 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

7397177009

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$29,825

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$30,025.2

Date Loan was Forgiven

Dec 17, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,377

Payroll Proced

23,860

Rent Proceed

3,588

Lender

Lake Elmo Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

454390

Borrower Location

PRINCETON, MN

Project Location

PRINCETON, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.