# PPP loan: AMERICAN BUILDERS INC.
> **$424K** approved 05/01/2020 · Paid in Full · Loan `2540487706`
## Borrower
- **Name:** AMERICAN BUILDERS INC.
- **Address:** 17545 SLOVER AVE, BLOOMINGTON, CA, 92316
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $424K
- **Initial approval:** $424K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $381K
- **Rent:** $29K
- **Utilities:** $5K
- **Health care:** $10K
- **Jobs reported:** 500
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*