5-R GROUP INC (AL) - 2020 PPP Loan Borrower Profile (# 1702637310)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 5-R GROUP 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 Alabama.

Loan Detail

Loan Number

1702637310

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$24,500

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$24,818.84

Date Loan was Forgiven

Aug 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

24,500

Lender

Synovus Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

441310

Borrower Location

ENTERPRISE, AL

Project Location

ENTERPRISE, AL

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.