# PPP loan: RAILROAD AVENUE COLLISION INC.
> **$650K** approved 04/15/2020 · Paid in Full · Loan `8270267107`
## Borrower
- **Name:** RAILROAD AVENUE COLLISION INC.
- **Address:** 21 Railroad Avenue, Valley Stream, NY, 11580
- **NAICS:** 811121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $650K
- **Initial approval:** $650K
- **Forgiven:** $658K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Rent:** $50K
- **Health care:** $100K
- **Jobs reported:** 45
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*