# PPP loan: ACE ELECTRIC INC
> **$1.33M** approved 04/28/2020 · Paid in Full · Loan `9124577200`
## Borrower
- **Name:** ACE ELECTRIC INC
- **Address:** 813 N 4th Street, Allentown, PA, 18102
- **NAICS:** 238390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.33M
- **Initial approval:** $1.33M
- **Forgiven:** $1.34M (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $996K
- **Rent:** $250K
- **Utilities:** $82K
- **Jobs reported:** 89
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*