# PPP loan: AMERICAN BUSINESS SYSTEMS, INC
> **$189K** approved 04/07/2020 · Paid in Full · Loan `6562647008`
## Borrower
- **Name:** AMERICAN BUSINESS SYSTEMS, INC
- **Address:** 3755 Flemingsburg Rd, MOREHEAD, KY, 40351-9132
- **NAICS:** 532420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $181K
- **Rent:** $5K
- **Utilities:** $3K
- **Jobs reported:** 15
## Lender
- **Originating:** The Citizens Bank
- **Servicing:** The Citizens Bank (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*