Franklin Iron Works Inc.

$787,500 PPP Loan in Thorsby, Alabama

Loan Details

Loan Number
5487507006
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$787,500
Current Approval
$787,500
Forgiveness Amount
$795,813
Forgiveness Date
Apr 29, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Franklin Iron Works Inc.
Address
146 Tommie Drive
State
Alabama
ZIP Code
35171-7722
Business Type
Corporation
Industry (NAICS)
Manufacturing (331511)
Business Age
Existing or more than 2 years old
Jobs Reported
75
Estimated Revenue
$19.6M
Rural/Urban
Rural
Congressional District
AL-06

Loan Use Breakdown

Payroll
$725,100
Utilities
$60,000
Health Care
$2,400

Lender Information

Servicing Lender
Servisfirst Bank
Originating Lender
Servisfirst Bank

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