# PPP loan: ABEL BROTHERS TOWING AND AUTOMOTIVE
> **$290K** approved 02/25/2021 · Paid in Full · Loan `4164888502`
## Borrower
- **Name:** ABEL BROTHERS TOWING AND AUTOMOTIVE
- **Address:** 3245 Phoenixville Pike, Malvern, PA, 19355-9600
- **NAICS:** 488410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $294K (101%)
- **Forgiveness date:** 05/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $290K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** The National Bank of Malvern
- **Servicing:** The National Bank of Malvern (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*