1ST CLASS AUTO CENTER INC (FL) - 2020 PPP Loan Borrower Profile (# 2589568507)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1ST CLASS AUTO CENTER 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 Florida.

Loan Detail

Loan Number

2589568507

SBA Office Code

0455

Processing Method

PPS

Curent Loan Amount

$283,612

Date Loan was Approved

Feb 20, 2021

Amount Forgiven

$285,461.31

Date Loan was Forgiven

Oct 20, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

283,610

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

811121

Borrower Location

Pompano Beach, FL

Project Location

Pompano Beach, FL

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.