# PPP loan: ACE FORMING SYSTEMS INC
> **$315K** approved 04/14/2020 · Paid in Full · Loan `5779627107`
## Borrower
- **Name:** ACE FORMING SYSTEMS INC
- **Address:** PR 866 Marginal Lote 17 Corujo Industrial Park, BAYAMON, PR, 00961
- **NAICS:** 444190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $315K
- **Initial approval:** $315K
- **Forgiven:** $318K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Rent:** $48K
- **Utilities:** $12K
- **Jobs reported:** 54
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*