# PPP loan: ACE HARDWARE
> **$264K** approved 04/10/2020 · Paid in Full · Loan `1994977101`
## Borrower
- **Name:** ACE HARDWARE
- **Address:** 243 W CLINTON ST, GRAY, GA, 31032-5327
- **NAICS:** 444130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $266K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Mortgage interest:** $44K
- **Utilities:** $20K
- **Jobs reported:** 15
## Lender
- **Originating:** Magnolia State Bank
- **Servicing:** Magnolia State Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*