ACME GEAR CO INC (NJ) - 2020 PPP Loan Borrower Profile (# 1108347706)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACME GEAR CO 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

1108347706

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$504,625

Date Loan was Approved

May 1, 2020

Amount Forgiven

$509,529.11

Date Loan was Forgiven

Apr 26, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

15,000

Payroll Proced

405,625

Rent Proceed

48,000

Health Care Proceed

36,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

333612

Borrower Location

ENGLEWOOD, NJ

Project Location

ENGLEWOOD, 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.