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Avalan Wireless Systems INC

$272,100 PPP Loan in Madison, Alabama

Loan Details

Loan Number
6334117000
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$272,100
Current Approval
$272,100
Forgiveness Amount
$273,906
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Avalan Wireless Systems INC
Address
127 Jetplex Cir
City
Madison
State
Alabama
ZIP Code
35758-8905
Business Type
Corporation
Industry (NAICS)
Manufacturing (334220)
Business Age
Existing or more than 2 years old
Jobs Reported
27
Estimated Revenue
$7.1M
Rural/Urban
Urban
Congressional District
AL-05

Loan Use Breakdown

Payroll
$237,200
Rent
$28,300
Utilities
$2,900
Debt Interest
$3,700

Lender Information

Servicing Lender
Servisfirst Bank
Originating Lender
Servisfirst Bank

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