ABLE SYSTEMS, INC. (VA) - 2020 PPP Loan Borrower Profile (# 8559597309)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABLE SYSTEMS, 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

8559597309

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$100,630

Date Loan was Approved

May 1, 2020

Amount Forgiven

$101,340

Date Loan was Forgiven

Jan 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

100,630

Lender

The Old Point National Bank of Phoebus

Business Detail

Business Type

Subchapter S Corporation

NAICS

236220

Borrower Location

YORKTOWN, VA

Project Location

YORKTOWN, VA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.