# PPP loan: ABQ INC
> **$316K** approved 04/06/2020 · Paid in Full · Loan `6307727000`
## Borrower
- **Name:** ABQ INC
- **Address:** 7800 LOMAS BLVD NE, ALBUQUERQUE, NM, 87110-7416
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $316K
- **Initial approval:** $316K
- **Forgiven:** $318K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $252K
- **Rent:** $22K
- **Utilities:** $5K
- **Health care:** $13K
- **Debt interest:** $24K
- **Jobs reported:** 24
## Lender
- **Originating:** The Park National Bank
- **Servicing:** The Park National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*