# PPP loan: PAINT-TECH ASSOCIATES INC.
> **$389K** approved 02/20/2021 · Exemption 4 · Loan `2560608502`
## Borrower
- **Name:** PAINT-TECH ASSOCIATES INC.
- **Address:** 460 Storms Rd, Valley Cottage, NY, 10989-1213
- **NAICS:** 238320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $264K (68%)
- **Forgiveness date:** 12/20/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $389K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*