American Business Systems, INC

$188,554 PPP Loan in Morehead, Kentucky

Loan Details

Loan Number
6562647008
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$188,554
Current Approval
$188,554
Forgiveness Amount
$190,186
Forgiveness Date
Feb 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
American Business Systems, INC
Address
3755 Flemingsburg Rd
ZIP Code
40351-9132
Business Type
Subchapter S Corporation
Industry (NAICS)
Real Estate and Rental and Leasing (532420)
Business Age
Existing or more than 2 years old
Jobs Reported
15
Estimated Revenue
$6.8M
Rural/Urban
Rural
Congressional District
KY-05

Loan Use Breakdown

Payroll
$181,054
Rent
$5,000
Utilities
$2,500

Lender Information

Servicing Lender
The Citizens Bank
Originating Lender
The Citizens Bank

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