03 PRECISION AUTO INC (NY) - 2020 PPP Loan Borrower Profile (# 2796507202)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 03 PRECISION AUTO INC. 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 New York.

Loan Detail

Loan Number

2796507202

SBA Office Code

0248

Processing Method

PPP

Curent Loan Amount

$90,835.62

Date Loan was Approved

Apr 16, 2020

Amount Forgiven

$91,689.23

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,502.29

Payroll Proced

68,126.71

Rent Proceed

10,118.32

Health Care Proceed

7,088.3

Lender

Sunmark CU

Business Detail

Business Type

Subchapter S Corporation

NAICS

811121

Borrower Location

SCHENECTADY, NY

Project Location

SCHENECTADY, NY

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.