# PPP loan: ABEL BROTHERS TOWING AND AUTOMOTIVE
> **$298K** approved 04/06/2020 · Paid in Full · Loan `5725547003`
## 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:** $298K
- **Initial approval:** $298K
- **Forgiven:** $301K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $238K
- **Rent:** $30K
- **Utilities:** $6K
- **Health care:** $24K
- **Jobs reported:** 28
## 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*