AUTOMOTIVE RESTORATIONS, INC. (CT) - 2020 PPP Loan Borrower Profile (# 1506938305)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AUTOMOTIVE RESTORATIONS, 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 Connecticut.

Loan Detail

Loan Number

1506938305

SBA Office Code

0156

Processing Method

PPS

Curent Loan Amount

$357,500

Date Loan was Approved

Jan 17, 2021

Amount Forgiven

$359,575.48

Date Loan was Forgiven

Sep 10, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

357,496

Lender

The Milford Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

811121

Borrower Location

Stratford, CT

Project Location

Stratford, CT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.