ARKAL AUTOMOTIVE USA, INC. (AL) - 2020 PPP Loan Borrower Profile (# 6190007100)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARKAL AUTOMOTIVE USA, 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

6190007100

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$1,500,542

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$1,510,420.57

Date Loan was Forgiven

Dec 30, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,500,542

Lender

LendingClub Bank, National Association

Business Detail

Business Type

Corporation

NAICS

336390

Borrower Location

AUBURN, AL

Project Location

AUBURN, AL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

136

Business Age Description

Existing or more than 2 years old

Data Source: SBA.