ABRASION RESISTANT ALTERNATIVES INC. (AL) - 2020 PPP Loan Borrower Profile (# 1174378709)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABRASION RESISTANT ALTERNATIVES 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

1174378709

SBA Office Code

0459

Processing Method

PPS

Curent Loan Amount

$47,922.5

Date Loan was Approved

Mar 26, 2021

Amount Forgiven

$48,150.95

Date Loan was Forgiven

Oct 4, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

47,922.5

Lender

Community Bank of Mississippi

Business Detail

Business Type

Corporation

NAICS

213114

Borrower Location

Bessemer, AL

Project Location

Bessemer, AL

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.