PPP Loan information for Abs business systems, inc

$167,037

Abs business systems, inc was initially approved for PPP Loan of amount $167,037, the current approved amount is $167,037. The loan was approved on 04/09/2020 by The Farmers and Merchants Bank reported 19 jobs and $167,037 was used to fund payroll.

Abs business systems, inc is Existing or more than 2 years old

PPP Loan Search / AL / OXFORD / Abs business systems, inc

ABS BUSINESS SYSTEMS, INC

Date Approved

04/09/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

ABS BUSINESS SYSTEMS, INC

Borrower Address

260 Industrial Dr Ext

Borrower City

OXFORD

Borrower State

AL

Borrower Zip

36203-8020

Loan Status Date

05/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

167037.00

Current Approval Amount

167037.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3189

Servicing Lender Name

Farmers and Merchants Bank

Servicing Lender Address

112 E Ladiga St

Servicing Lender City

PIEDMONT

Servicing Lender State

AL

Servicing Lender Zip

36272-1736

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OXFORD

Project County Name

CALHOUN

Project State

AL

Project Zip

36203-8020

CD

AL-03

Jobs Reported

19

NAICS Code

532420

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

167037.00

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

Subchapter S Corporation

Originating Lender Location Id

3189

Originating Lender

Farmers and Merchants Bank

Originating Lender City

PIEDMONT

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

168734.83

Forgiveness Date

04/22/2021

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