A&L BEARINGS AND COMPONENTS, INC. (TN) - 2020 PPP Loan Borrower Profile (# 2011987305)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A&L BEARINGS AND COMPONENTS, 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 Tennessee.

Loan Detail

Loan Number

2011987305

SBA Office Code

0474

Processing Method

PPP

Curent Loan Amount

$69,700

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$70,624.24

Date Loan was Forgiven

Aug 30, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

69,700

Lender

Regions Bank

Business Detail

Business Type

Corporation

NAICS

423840

Borrower Location

MEMPHIS, TN

Project Location

MEMPHIS, TN

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.