# PPP loan: ACEOLUTION INC
> **$175K** approved 06/23/2020 · Paid in Full · Loan `1966078003`
## Borrower
- **Name:** ACEOLUTION INC
- **Address:** 41 MIDDLESEX AVE, ISELIN, NJ, 08830
- **NAICS:** 541513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $167K (95%)
- **Forgiveness date:** 09/24/2021
- **Status:** Paid in Full
- **Term:** 37 months
## Use of funds
- **Payroll:** $153K
- **Rent:** $5K
- **Utilities:** $2K
- **Health care:** $15K
- **Jobs reported:** 33
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*