# PPP loan: AMERICAN BUSINESS MANAGEMENT INC.
> **$411K** approved 02/20/2021 · Paid in Full · Loan `2614668505`
## Borrower
- **Name:** AMERICAN BUSINESS MANAGEMENT INC.
- **Address:** 5215 Jolly Cedar Ct, Lansing, MI, 48911-3747
- **NAICS:** 541211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $411K
- **Initial approval:** $411K
- **Forgiven:** $417K (101%)
- **Forgiveness date:** 08/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $411K
- **Utilities:** $1
- **Jobs reported:** 243
## Lender
- **Originating:** Capitol National Bank
- **Servicing:** Capitol National Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*