ACE METROPOLITAN DISTRIBUTORS, INC (NJ) - 2020 PPP Loan Borrower Profile (# 4645828202)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACE METROPOLITAN DISTRIBUTORS, 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 New Jersey.

Loan Detail

Loan Number

4645828202

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$60,062

Date Loan was Approved

Aug 6, 2020

Amount Forgiven

$60,938.37

Date Loan was Forgiven

Jan 26, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

3,000

Payroll Proced

50,000

Mortgage Interest Proceed

Rent Proceed

5,000

Refinance EIDL Proceed

Health Care Proceed

2,062

Debt Interest Proceed

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

423120

Borrower Location

Garfield, NJ

Project Location

Garfield, NJ

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.