ACE AUTO REPAIR INC (VA) - 2020 PPP Loan Borrower Profile (# 1362258803)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACE AUTO REPAIR 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 Virginia.

Loan Detail

Loan Number

1362258803

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$7,375

Date Loan was Approved

Apr 10, 2021

Amount Forgiven

$7,402.25

Date Loan was Forgiven

Aug 25, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

7,375

Lender

Truist Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

811191

Borrower Location

Newport News, VA

Project Location

Newport News, VA

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.