50 TATERS (AL) - 2020 PPP Loan Borrower Profile (# 8552657006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 50 TATERS. 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

8552657006

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$67,500

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$67,978.12

Date Loan was Forgiven

Dec 30, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,000

Payroll Proced

55,000

Mortgage Interest Proceed

3,900

Health Care Proceed

2,600

Lender

First Southern State Bank

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

SCOTTSBORO, AL

Project Location

SCOTTSBORO, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.