# PPP loan: ACE MOTOR SALES INC
> **$719K** approved 02/23/2021 · Paid in Full · Loan `3150358501`
## Borrower
- **Name:** ACE MOTOR SALES INC
- **Address:** 487 Mantua Pike, Woodbury, NJ, 08096-2616
- **NAICS:** 111110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $719K
- **Initial approval:** $719K
- **Forgiven:** $727K (101%)
- **Forgiveness date:** 04/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $719K
- **Jobs reported:** 55
## Lender
- **Originating:** Columbia Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*