ALABAMA SPECIALTY PRODUCTS INC (AL) - 2020 PPP Loan Borrower Profile (# 2281218304)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALABAMA SPECIALTY PRODUCTS 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

2281218304

SBA Office Code

0459

Processing Method

PPS

Curent Loan Amount

$1,969,970

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$1,978,615.98

Date Loan was Forgiven

Jul 7, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

1,969,966

Lender

United Community Bank

Business Detail

Business Type

Corporation

NAICS

332999

Borrower Location

Munford, AL

Project Location

Munford, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

185

Business Age Description

Existing or more than 2 years old

Data Source: SBA.