PPP Loan information for American business systems, inc

$188,554

American business systems, inc was initially approved for PPP Loan of amount $188,554, the current approved amount is $188,554. The loan was approved on 04/07/2020 by The The Citizens Bank reported 15 jobs and $188,554 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

04/07/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

AMERICAN BUSINESS SYSTEMS, INC

Borrower Address

3755 Flemingsburg Rd

Borrower City

MOREHEAD

Borrower State

KY

Borrower Zip

40351-9132

Loan Status Date

03/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

188554.00

Current Approval Amount

188554.00

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

532420

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2500.00

Payroll Proceed

181054.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

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

190186.41

Forgiveness Date

02/24/2021

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