ABEL INDUSTRIES, INC. (VA) - 2020 PPP Loan Borrower Profile (# 5248447102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABEL INDUSTRIES, 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 Virginia.

Loan Detail

Loan Number

5248447102

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$416,078

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$419,175.47

Date Loan was Forgiven

Jan 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

416,078

Lender

Atlantic Union Bank

Business Detail

Business Type

Corporation

NAICS

423850

Borrower Location

Dumfries, VA

Project Location

Dumfries, VA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.