ALLEN OIL COMPANY OF SYLACAUGA, INC (AL) - 2020 PPP Loan Borrower Profile (# 3394077108)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALLEN OIL COMPANY OF SYLACAUGA, 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

3394077108

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$113,155

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$114,547.44

Date Loan was Forgiven

Jul 9, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

113,155

Lender

Valley National Bank

Business Detail

Business Type

Corporation

NAICS

424720

Borrower Location

Sylacauga, AL

Project Location

Sylacauga, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.