ABACO INC (NC) - 2020 PPP Loan Borrower Profile (# 3503478509)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABACO INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in North Carolina.

Loan Detail

Loan Number

3503478509

SBA Office Code

0460

Processing Method

PPS

Curent Loan Amount

$24,431

Date Loan was Approved

Feb 24, 2021

Amount Forgiven

$24,637.16

Date Loan was Forgiven

Jan 3, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

24,430

Lender

WebBank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238990

Borrower Location

Banner Elk, NC

Project Location

Banner Elk, NC

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.