CANNON FLOOR COVERING, INC. (AL) - 2020 PPP Loan Borrower Profile (# 3776867104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CANNON FLOOR COVERING, 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

3776867104

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$125,430

Date Loan was Approved

Apr 12, 2020

Amount Forgiven

$126,381.89

Date Loan was Forgiven

Jan 26, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

125,430

Lender

Southern States Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238330

Borrower Location

Opelika, AL

Project Location

Opelika, AL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.