# PPP loan: ACE ELECTRICAL CONTRACTORS, INC.
> **$2.49M** approved 04/03/2020 · Paid in Full · Loan `4510317002`
## Borrower
- **Name:** ACE ELECTRICAL CONTRACTORS, INC.
- **Address:** 8300 10th Avenue North, MINNEAPOLIS, MN, 55427-4421
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.49M
- **Initial approval:** $2.49M
- **Forgiven:** $2.51M (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.49M
- **Jobs reported:** 104
## Lender
- **Originating:** Security Bank and Trust Company
- **Servicing:** Security Bank & Trust Company (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*