# PPP loan: ACE ELECTRIC, INC.
> **$1.11M** approved 04/14/2020 · Paid in Full · Loan `6722717103`
## Borrower
- **Name:** ACE ELECTRIC, INC.
- **Address:** 6061 FAIRMOUNT AVE, SAN DIEGO, CA, 92120-4013
- **NAICS:** 238210
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.13M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.03M
- **Health care:** $82K
- **Jobs reported:** 65
## Lender
- **Originating:** Pacific Premier 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*