ACORTEC AUTO REPAIR INC (NJ) - 2020 PPP Loan Borrower Profile (# 4713457303)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACORTEC AUTO REPAIR 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 Jersey.

Loan Detail

Loan Number

4713457303

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$16,600

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$16,721.73

Date Loan was Forgiven

Feb 4, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

16,600

Lender

Flagstar Bank National Association

Business Detail

Business Type

Sole Proprietorship

NAICS

811198

Borrower Location

Newark, NJ

Project Location

Newark, NJ

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.