ABRASION RESISTANT ALTERNATIVES, INC. (AL) - 2020 PPP Loan Borrower Profile (# 2786887305)

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

2786887305

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$47,500

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$47,778.49

Date Loan was Forgiven

Dec 8, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,823

Payroll Proced

40,260

Health Care Proceed

1,417

Lender

Community Bank of Mississippi

Business Detail

Business Type

Corporation

NAICS

213112

Borrower Location

BESSEMER, AL

Project Location

BESSEMER, AL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.