ALABAMA PLATE CUTTING CO, INC (AL) - 2020 PPP Loan Borrower Profile (# 8562687008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALABAMA PLATE CUTTING CO, 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

8562687008

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$874,232.1

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$880,764.56

Date Loan was Forgiven

Jan 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

37,418.05

Payroll Proced

752,354.05

Rent Proceed

84,460

Lender

United Community Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

332313

Borrower Location

SAGINAW, AL

Project Location

SAGINAW, AL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.