# PPP loan: ACE MOTOR SALES INC
> **$800K** approved 04/10/2020 · Paid in Full · Loan `1975547106`
## Borrower
- **Name:** ACE MOTOR SALES INC
- **Address:** 487 MANTUA PIKE, WOODBURY, NJ, 08096-2616
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $800K
- **Initial approval:** $800K
- **Forgiven:** $807K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Jobs reported:** 67
## Lender
- **Originating:** Columbia Bank
- **Servicing:** Columbia Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*