ABK, INC. (VI) - 2020 PPP Loan Borrower Profile (# 5509807102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABK, 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 US Virgin Islands.

Loan Detail

Loan Number

5509807102

SBA Office Code

0252

Processing Method

PPP

Curent Loan Amount

$234,000

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$236,190.5

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

46,250

Payroll Proced

131,000

Mortgage Interest Proceed

11,750

Rent Proceed

45,000

Lender

Merchants Commercial Bank

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

ST THOMAS, VI

Project Location

ST THOMAS, VI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.