ACEOLUTION INC (NJ) - 2020 PPP Loan Borrower Profile (# 1966078003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACEOLUTION 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

1966078003

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$175,162

Date Loan was Approved

Jun 23, 2020

Amount Forgiven

$167,167.66

Date Loan was Forgiven

Sep 24, 2021

Loan Status

Paid in Full

Loan Term

37 Months

Utilities Proced

2,200

Payroll Proced

152,962

Mortgage Interest Proceed

Rent Proceed

5,000

Refinance EIDL Proceed

Health Care Proceed

15,000

Debt Interest Proceed

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

541513

Borrower Location

ISELIN, NJ

Project Location

ISELIN, NJ

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.