PPP Loan information for American business systems, inc

$188,850

American business systems, inc was initially approved for PPP Loan of amount $188,850, the current approved amount is $188,850. The loan was approved on 01/16/2021 by The The Citizens Bank reported 15 jobs and $188,850 was used to fund payroll.

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

PPP Loan Search / KY / Morehead / American business systems, inc

AMERICAN BUSINESS SYSTEMS, INC

Date Approved

01/16/2021

SBA Office Code

0457

Processing Method

PPS

Borrower Name

AMERICAN BUSINESS SYSTEMS, INC

Borrower Address

3755 Flemingsburg Rd

Borrower City

Morehead

Borrower State

KY

Borrower Zip

40351-9132

Loan Status Date

01/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

188850.00

Current Approval Amount

188850.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27621

Servicing Lender Name

The Citizens Bank

Servicing Lender Address

114 W Main St

Servicing Lender City

MOREHEAD

Servicing Lender State

KY

Servicing Lender Zip

40351-1626

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Morehead

Project County Name

ROWAN

Project State

KY

Project Zip

40351-9132

CD

KY-05

Jobs Reported

15

NAICS Code

453210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

188849.00

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

27621

Originating Lender

The Citizens Bank

Originating Lender City

MOREHEAD

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

190541.89

Forgiveness Date

12/15/2021

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