88 AUTO CREDIT LLC (AL) - 2020 PPP Loan Borrower Profile (# 7895628404)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 88 AUTO CREDIT LLC. 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

7895628404

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$12,500

Date Loan was Approved

Feb 12, 2021

Amount Forgiven

$3,292.67

Date Loan was Forgiven

Jul 14, 2022

Loan Status

Exemption 4

Loan Term

60 Months

Payroll Proced

12,499

Lender

First Source Federal Credit Union

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

423110

Borrower Location

Hoover, AL

Project Location

Hoover, AL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.