PPP Loan information for Abacus service corporation

$2,959,300

Abacus service corporation was initially approved for PPP Loan of amount $2,959,300, the current approved amount is $2,959,300. The loan was approved on 04/13/2020 by The Citizens Bank, National Association reported 230 jobs and $2,959,300 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

04/13/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ABACUS SERVICE CORPORATION

Borrower Address

25925 TELEGRAPH RD

Borrower City

SOUTHFIELD

Borrower State

MI

Borrower Zip

48033-2501

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2959300.00

Current Approval Amount

2959300.00

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

48033-2501

CD

MI-12

Jobs Reported

230

NAICS Code

561320

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2959300.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2992865.76

Forgiveness Date

06/09/2021

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