AFCO INDUSTRIES, INC (LA) - 2020 PPP Loan Borrower Profile (# 7490867107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AFCO INDUSTRIES, 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 Louisiana.

Loan Detail

Loan Number

7490867107

SBA Office Code

0679

Processing Method

PPP

Curent Loan Amount

$2,081,900

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$2,105,570.92

Date Loan was Forgiven

Jun 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

2,081,900

Lender

Barksdale FCU

Business Detail

Business Type

Employee Stock Ownership Plan(ESOP)

NAICS

332322

Borrower Location

ALEXANDRIA, LA

Project Location

ALEXANDRIA, LA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

238

Business Age Description

Existing or more than 2 years old

Data Source: SBA.