ANDALUSIA MARINE AND POWERSPORTS, INC (AL) - 2020 PPP Loan Borrower Profile (# 7150687007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ANDALUSIA MARINE AND POWERSPORTS, 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

7150687007

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$56,401.04

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$56,698.71

Date Loan was Forgiven

Oct 22, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

56,401.04

Lender

Southern Independent Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

441222

Borrower Location

ANDALUSIA, AL

Project Location

ANDALUSIA, 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.