ARMOREL PLANTING COMPANY (AR) - 2020 PPP Loan Borrower Profile (# 1936247303)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARMOREL PLANTING COMPANY. 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 Arkansas.

Loan Detail

Loan Number

1936247303

SBA Office Code

0669

Processing Method

PPP

Curent Loan Amount

$30,000

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$30,173.42

Date Loan was Forgiven

Nov 30, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,000

Payroll Proced

22,500

Mortgage Interest Proceed

4,500

Lender

Southern Bancorp Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

115115

Borrower Location

BLYTHEVILLE, AR

Project Location

BLYTHEVILLE, AR

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.