PPP Loan information for Abacus industries inc

$918,582

Abacus industries inc was initially approved for PPP Loan of amount $918,582, the current approved amount is $918,582. The loan was approved on 04/16/2020 by The Bank of America, National Association reported 62 jobs and $918,582 was used to fund payroll.

Abacus industries inc is New Business or 2 years or less

PPP Loan Search / MA / NORWELL / Abacus industries inc

ABACUS INDUSTRIES INC

Date Approved

04/16/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

ABACUS INDUSTRIES INC

Borrower Address

17 ACCORD PARK DR STE 103

Borrower City

NORWELL

Borrower State

MA

Borrower Zip

02061-1629

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

918582.00

Current Approval Amount

918582.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

NORWELL

Project County Name

PLYMOUTH

Project State

MA

Project Zip

02061-1629

CD

MA-09

Jobs Reported

62

NAICS Code

423690

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

918582.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

926761.15

Forgiveness Date

03/10/2021

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