ALABAMA MOTOR EXPRESS INC (AL) - 2020 PPP Loan Borrower Profile (# 8226787004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALABAMA MOTOR EXPRESS 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

8226787004

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$2,506,000

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$2,534,192.5

Date Loan was Forgiven

May 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

52,140

Payroll Proced

2,390,504

Mortgage Interest Proceed

63,356

Lender

ServisFirst Bank

Business Detail

Business Type

Corporation

NAICS

484121

Borrower Location

ASHFORD, AL

Project Location

ASHFORD, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

253

Business Age Description

Existing or more than 2 years old

Data Source: SBA.