# PPP loan: ACE COMPOSITES, INC
> **$324K** approved 06/29/2020 · Paid in Full · Loan `5870318007`
## Borrower
- **Name:** ACE COMPOSITES, INC
- **Address:** 1394 SKY HARBOR DR, OLIVEHURST, CA, 95961-7416
- **NAICS:** 333120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $310K
- **Rent:** $3K
- **Utilities:** $12K
- **Jobs reported:** 35
## Lender
- **Originating:** River Valley Community Bank
- **Servicing:** River Valley Community Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*