421 AUTO GROUP CORP. (NY) - 2020 PPP Loan Borrower Profile (# 1514127705)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 421 AUTO GROUP CORP.. 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

1514127705

SBA Office Code

0202

Processing Method

PPP

Curent Loan Amount

$35,000

Date Loan was Approved

May 1, 2020

Amount Forgiven

Date Loan was Forgiven

Loan Status

Charged Off

Loan Term

2 Months

Utilities Proced

3,200

Payroll Proced

22,000

Rent Proceed

6,800

Debt Interest Proceed

3,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

Borrower Location

BROOKLYN, NY

Project Location

BROOKLYN, NY

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.