Prospect Mining and Development Company, LLC

$481,215 PPP Loan in Jasper, Alabama

Loan Details

Loan Number
2172247209
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$481,215
Current Approval
$481,215
Forgiveness Amount
$487,893
Forgiveness Date
Sep 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Prospect Mining and Development Company, LLC
Address
2002 2nd Ave S
City
Jasper
State
Alabama
ZIP Code
35501
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Mining, Quarrying, and Oil and Gas Extraction (212299)
Business Age
Existing or more than 2 years old
Jobs Reported
27
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
AL-04

Loan Use Breakdown

Payroll
$360,911
Rent
$1
Utilities
$120,303

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
First Source Federal Credit Union

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