ACRO TOOL & DIE COMPANY (OH) - 2020 PPP Loan Borrower Profile (# 5032957800)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACRO TOOL & DIE COMPANY. 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 Ohio.

Loan Detail

Loan Number

5032957800

SBA Office Code

0549

Processing Method

PPP

Curent Loan Amount

$550,772

Date Loan was Approved

May 29, 2020

Amount Forgiven

$556,469.43

Date Loan was Forgiven

Jun 17, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

20,000

Payroll Proced

437,772

Rent Proceed

20,000

Health Care Proceed

73,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

333514

Borrower Location

AKRON, OH

Project Location

AKRON, OH

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.