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Sherwood Industries, INC

$158,000 PPP Loan in Arab, Alabama

Loan Details

Loan Number
5316697001
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$158,000
Current Approval
$158,000
Forgiveness Amount
$159,413
Forgiveness Date
Mar 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sherwood Industries, INC
Address
748 S Main St
City
Arab
State
Alabama
ZIP Code
35016-8401
Business Type
Corporation
Industry (NAICS)
Manufacturing (337110)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$6.5M
Rural/Urban
Rural
Congressional District
AL-04

Loan Use Breakdown

Payroll
$140,000
Rent
$9,600
Utilities
$8,400

Lender Information

Servicing Lender
Servisfirst Bank
Originating Lender
Servisfirst Bank

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