1316 CORP. (NY) - 2020 PPP Loan Borrower Profile (# 5028448009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1316 CORP.. 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

5028448009

SBA Office Code

0202

Processing Method

PPP

Curent Loan Amount

$87,500

Date Loan was Approved

Jun 26, 2020

Amount Forgiven

$88,455.16

Date Loan was Forgiven

Aug 5, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

12,000

Payroll Proced

45,000

Mortgage Interest Proceed

Rent Proceed

30,500

Refinance EIDL Proceed

Health Care Proceed

Debt Interest Proceed

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

445110

Borrower Location

NEW YORK, NY

Project Location

NEW YORK, NY

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.