AMERICAN METAL GROUP (AL) - 2020 PPP Loan Borrower Profile (# 5258047006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN METAL GROUP. 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

5258047006

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$393,000

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$397,585

Date Loan was Forgiven

Jun 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

20,000

Payroll Proced

330,000

Debt Interest Proceed

43,000

Lender

ServisFirst Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

331110

Borrower Location

SYLACAUGA, AL

Project Location

SYLACAUGA, AL

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.