# PPP loan: ASAB INC
> **$166K** approved 05/01/2020 · Charged Off · Loan `7680907706`
## Borrower
- **Name:** ASAB INC
- **Address:** 5002 WHISPERING HOLW, PALM BEACH GARDENS, FL, 33418-3536
- **NAICS:** 999990
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Forgiven:** $99K (60%)
- **Forgiveness date:** 01/04/2022
- **Status:** Charged Off
- **Term:** 35 months
## Use of funds
- **Payroll:** $166K
- **Jobs reported:** 40
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*