# PPP loan: ADVANCED BUSINESS SYSTEMS INC.
> **$502K** approved 01/21/2021 · Paid in Full · Loan `2583358306`
## Borrower
- **Name:** ADVANCED BUSINESS SYSTEMS INC.
- **Address:** 4631 44th St, Moline, IL, 61265-7566
- **NAICS:** 423420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $502K
- **Initial approval:** $504K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $502K
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** American Bank and Trust Company, National Association
- **Servicing:** American Bank and Trust Company, National Association (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*