# PPP loan: ACE CUTTING EQUIPMENT & SUPPLY INC
> **$283K** approved 05/01/2020 · Paid in Full · Loan `6577797707`
## Borrower
- **Name:** ACE CUTTING EQUIPMENT & SUPPLY INC
- **Address:** 25806 NOVI RD, NOVI, MI, 48375-1650
- **NAICS:** 423810
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $283K
- **Initial approval:** $283K
- **Forgiven:** $285K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Jobs reported:** 18
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*