AERCO SANDBLASTING COMPANY (OH) - 2020 PPP Loan Borrower Profile (# 1012077703)

Updated on April 18, 2025.

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

1012077703

SBA Office Code

0593

Processing Method

PPP

Curent Loan Amount

$111,490

Date Loan was Approved

May 1, 2020

Amount Forgiven

$112,482.45

Date Loan was Forgiven

Mar 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,200

Payroll Proced

96,514

Rent Proceed

2,000

Health Care Proceed

9,776

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

238990

Borrower Location

LIMA, OH

Project Location

LIMA, 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.