PPP Loan information for Abco systems inc

$573,240

Abco systems inc was initially approved for PPP Loan of amount $573,240, the current approved amount is $573,240. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 40 jobs and $573,240 was used to fund payroll.

Abco systems inc is New Business or 2 years or less

PPP Loan Search / NJ / BELLEVILLE / Abco systems inc

ABCO SYSTEMS INC

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

ABCO SYSTEMS INC

Borrower Address

55 MONTGOMERY ST

Borrower City

BELLEVILLE

Borrower State

NJ

Borrower Zip

07109-1305

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

573240.00

Current Approval Amount

573240.00

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

Y

Business Age Description

New Business or 2 years or less

Project City

BELLEVILLE

Project County Name

ESSEX

Project State

NJ

Project Zip

07109-1305

CD

NJ-11

Jobs Reported

40

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

573240.00

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

578045.79

Forgiveness Date

03/10/2021

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