BROWN SCRAP MATERIAL INC (AL) - 2020 PPP Loan Borrower Profile (# 7843398601)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BROWN SCRAP MATERIAL 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

7843398601

SBA Office Code

0459

Processing Method

PPS

Curent Loan Amount

$7,500

Date Loan was Approved

Mar 24, 2021

Amount Forgiven

$7,520.42

Date Loan was Forgiven

Jul 2, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

7,500

Lender

Peoples Bank of Alabama

Business Detail

Business Type

Corporation

NAICS

423930

Borrower Location

Valhermoso Springs, AL

Project Location

Valhermoso Springs, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.