# PPP loan: ABP INC
> **$197K** approved 04/28/2020 · Paid in Full · Loan `1709417306`
## Borrower
- **Name:** ABP INC
- **Address:** 15608 S NEW CENTURY DR, GARDENA, CA, 90248-2129
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $136K
- **Rent:** $12K
- **Utilities:** $8K
- **Health care:** $42K
- **Jobs reported:** 12
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*