# PPP loan: ACE POLYMER, LLC
> **$150K** approved 04/29/2020 · Paid in Full · Loan `1989807309`
## Borrower
- **Name:** ACE POLYMER, LLC
- **Address:** 117 New Jersey Avenue, Chalfont, PA, 18914
- **NAICS:** 424690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $112K (74%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $113K
- **Rent:** $19K
- **Utilities:** $19K
- **Jobs reported:** 4
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*