ADAM'S AUTO GROUP INC (NJ) - 2020 PPP Loan Borrower Profile (# 1775287705)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAM'S AUTO GROUP 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

1775287705

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$31,937

Date Loan was Approved

May 1, 2020

Amount Forgiven

$32,294.32

Date Loan was Forgiven

Jun 17, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,500

Payroll Proced

13,065

Rent Proceed

4,750

Health Care Proceed

3,874

Debt Interest Proceed

8,748

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

441228

Borrower Location

PATERSON, NJ

Project Location

PATERSON, 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.