PPP Loan information for Abacus service corporation

$2,000,000

Abacus service corporation was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/27/2021 by The Citizens Bank, National Association reported 220 jobs and $2,000,000 was used to fund payroll.

Abacus service corporation is Existing or more than 2 years old

PPP Loan Search / MI / Southfield / Abacus service corporation

ABACUS SERVICE CORPORATION

Date Approved

01/27/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

ABACUS SERVICE CORPORATION

Borrower Address

25925 Telegraph Rd

Borrower City

Southfield

Borrower State

MI

Borrower Zip

48033-2518

Loan Status Date

12/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434162

Servicing Lender Name

Citizens Bank, National Association

Servicing Lender Address

1 Citizens Plaza

Servicing Lender City

PROVIDENCE

Servicing Lender State

RI

Servicing Lender Zip

02903-1344

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Southfield

Project County Name

OAKLAND

Project State

MI

Project Zip

48033-2518

CD

MI-12

Jobs Reported

220

NAICS Code

561311

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999997.00

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

434162

Originating Lender

Citizens Bank, National Association

Originating Lender City

PROVIDENCE

Originating Lender State

RI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2015342.47

Forgiveness Date

11/10/2021

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