# PPP loan: ABS BUSINESS SYSTEMS, INC
> **$167K** approved 04/09/2020 · Paid in Full · Loan `9445067005`
## Borrower
- **Name:** ABS BUSINESS SYSTEMS, INC
- **Address:** 260 Industrial Dr Ext, OXFORD, AL, 36203-8020
- **NAICS:** 532420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $169K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Jobs reported:** 19
## Lender
- **Originating:** Farmers and Merchants Bank
- **Servicing:** Farmers and Merchants Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*