A & D AUTOMOTIVE, INC. (AL) - 2020 PPP Loan Borrower Profile (# 5560207007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A & D AUTOMOTIVE, 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

5560207007

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$531,000

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$534,466.25

Date Loan was Forgiven

Dec 7, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

11,200

Payroll Proced

426,000

Rent Proceed

39,600

Debt Interest Proceed

54,200

Lender

ServisFirst Bank

Business Detail

Business Type

Corporation

NAICS

441110

Borrower Location

DOTHAN, AL

Project Location

DOTHAN, 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.