AMERICAN CLASSICS APPAREL (AL) - 2020 PPP Loan Borrower Profile (# 5666857001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN CLASSICS APPAREL. 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

5666857001

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$343,300

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$345,293.05

Date Loan was Forgiven

Nov 5, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

343,300

Lender

Merchants Bank of Alabama, A Division of SouthPoint Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

453220

Borrower Location

HANCEVILLE, AL

Project Location

HANCEVILLE, AL

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.