ABSOLUTE MORTGAGEGROUP (LA) - 2020 PPP Loan Borrower Profile (# 6691847005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABSOLUTE MORTGAGEGROUP. 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 Louisiana.

Loan Detail

Loan Number

6691847005

SBA Office Code

0679

Processing Method

PPP

Curent Loan Amount

$110,822

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$112,616.7

Date Loan was Forgiven

Nov 18, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

27,705

Payroll Proced

83,117

Lender

Merchants & Farmers Bank & Trust Company

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

522310

Borrower Location

LAKE CHARLES, LA

Project Location

LAKE CHARLES, LA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.