AARES INC (WA) - 2020 PPP Loan Borrower Profile (# 1178277704)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AARES 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 Washington.

Loan Detail

Loan Number

1178277704

SBA Office Code

1013

Processing Method

PPP

Curent Loan Amount

$113,702

Date Loan was Approved

May 1, 2020

Amount Forgiven

$114,797.71

Date Loan was Forgiven

Apr 21, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

900

Payroll Proced

90,963

Rent Proceed

10,500

Debt Interest Proceed

11,339

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

Borrower Location

TACOMA, WA

Project Location

TACOMA, WA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.