# PPP loan: ACE PRECISION INDUSTRIES INC
> **$367K** approved 02/19/2021 · Paid in Full · Loan `1736638500`
## Borrower
- **Name:** ACE PRECISION INDUSTRIES INC
- **Address:** 925 Moe Dr, Akron, OH, 44310-2518
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $367K
- **Initial approval:** $367K
- **Forgiven:** $369K (100%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $367K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*