PPP Loan information for American business management inc.

$410,600

American business management inc. was initially approved for PPP Loan of amount $410,600, the current approved amount is $410,600. The loan was approved on 02/20/2021 by The Capitol National Bank reported 243 jobs and $410,600 was used to fund payroll.

American business management inc. is Existing or more than 2 years old

PPP Loan Search / MI / Lansing / American business management inc.

AMERICAN BUSINESS MANAGEMENT INC.

Date Approved

02/20/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

AMERICAN BUSINESS MANAGEMENT INC.

Borrower Address

5215 Jolly Cedar Ct

Borrower City

Lansing

Borrower State

MI

Borrower Zip

48911-3747

Loan Status Date

09/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

410600.00

Current Approval Amount

410600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35989

Servicing Lender Name

Capitol National Bank

Servicing Lender Address

200 Washington Sq North

Servicing Lender City

LANSING

Servicing Lender State

MI

Servicing Lender Zip

48933-1320

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lansing

Project County Name

INGHAM

Project State

MI

Project Zip

48911-3747

CD

MI-07

Jobs Reported

243

NAICS Code

541211

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

410594.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

35989

Originating Lender

Capitol National Bank

Originating Lender City

LANSING

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

416724.78

Forgiveness Date

08/17/2022

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