# PPP loan: AMERICAN SALES AND SERVICES, INC.
> **$504K** approved 04/06/2020 · Paid in Full · Loan `5657627000`
## Borrower
- **Name:** AMERICAN SALES AND SERVICES, INC.
- **Address:** 3802 Devonian Dr., SAN ANGELO, TX, 76903-8105
- **NAICS:** 424690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $504K
- **Initial approval:** $504K
- **Forgiven:** $507K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $461K
- **Rent:** $20K
- **Utilities:** $22K
- **Jobs reported:** 35
## Lender
- **Originating:** The First National Bank of Sonora
- **Servicing:** The First National Bank of Sonora (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*