# PPP loan: ABK, INC.
> **$234K** approved 04/13/2020 · Paid in Full · Loan `5509807102`
## Borrower
- **Name:** ABK, INC.
- **Address:** Petrus Plaza 380, ST THOMAS, VI, 00802
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Forgiven:** $236K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $131K
- **Rent:** $45K
- **Mortgage interest:** $12K
- **Utilities:** $46K
- **Jobs reported:** 37
## Lender
- **Originating:** Merchants Commercial Bank
- **Servicing:** Merchants Commercial Bank (VI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*