1042 COLLISION REPAIRS INC (NY) - 2020 PPP Loan Borrower Profile (# 1985767705)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1042 COLLISION REPAIRS 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 York.

Loan Detail

Loan Number

1985767705

SBA Office Code

0235

Processing Method

PPP

Curent Loan Amount

$92,050

Date Loan was Approved

May 1, 2020

Amount Forgiven

$92,886.94

Date Loan was Forgiven

Apr 1, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,615

Payroll Proced

68,883

Rent Proceed

12,000

Health Care Proceed

9,552

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

811121

Borrower Location

FARMINGDALE, NY

Project Location

FARMINGDALE, NY

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.