AUTOMOBILE DEALERS ASSOC OF AL (AL) - 2020 PPP Loan Borrower Profile (# 1939198401)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AUTOMOBILE DEALERS ASSOC OF AL. 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

1939198401

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$92,339.58

Date Loan was Approved

Feb 2, 2021

Amount Forgiven

$92,765.37

Date Loan was Forgiven

Jul 21, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

92,333.58

Lender

River Bank & Trust

Business Detail

Business Type

501(c)6 ¿ Non Profit Membership

NAICS

813910

Borrower Location

Montgomery, AL

Project Location

Montgomery, AL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.