ACE HARDWARE (GA) - 2020 PPP Loan Borrower Profile (# 1994977101)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACE HARDWARE. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Georgia.

Loan Detail

Loan Number

1994977101

SBA Office Code

0405

Processing Method

PPP

Curent Loan Amount

$264,100

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$265,807.61

Date Loan was Forgiven

Dec 9, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

20,000

Payroll Proced

200,000

Mortgage Interest Proceed

44,100

Lender

Magnolia State Bank

Business Detail

Business Type

Corporation

NAICS

444130

Borrower Location

GRAY, GA

Project Location

GRAY, GA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.