# PPP loan: AMERICAN COLLECTION SYSTEMS INC
> **$290K** approved 05/01/2020 · Paid in Full · Loan `6399767705`
## Borrower
- **Name:** AMERICAN COLLECTION SYSTEMS INC
- **Address:** 2225 1ST ST STE 102, SIMI VALLEY, CA, 93065-1983
- **NAICS:** 423430
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $283K (98%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $290K
- **Jobs reported:** 15
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*