# PPP loan: ACEOLUTION INC
> **$177K** approved 03/26/2021 · Charged Off · Loan `9925288606`
## Borrower
- **Name:** ACEOLUTION INC
- **Address:** 41 Middlesex Ave, Iselin, NJ, 08830-1765
- **NAICS:** 541513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $60K (34%)
- **Forgiveness date:** 08/02/2022
- **Status:** Charged Off
- **Term:** 39 months
## Use of funds
- **Payroll:** $177K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*