ACEOLUTION INC (NJ) - 2020 PPP Loan Borrower Profile (# 9925288606)

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

9925288606

SBA Office Code

0299

Processing Method

PPS

Curent Loan Amount

$177,265

Date Loan was Approved

Mar 26, 2021

Amount Forgiven

$60,478.09

Date Loan was Forgiven

Aug 2, 2022

Loan Status

Charged Off

Loan Term

39 Months

Utilities Proced

Payroll Proced

177,261

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.