Batey & Sanders

$235,500 PPP Loan in Rainbow City, Alabama

Loan Details

Loan Number
7502797010
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$235,500
Current Approval
$235,500
Forgiveness Amount
$236,848
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Batey & Sanders
Address
61 Batey Drive
State
Alabama
ZIP Code
35906-6007
Business Type
Corporation
Industry (NAICS)
Retail Trade (454390)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
AL-04

Loan Use Breakdown

Payroll
$180,000
Rent
$6,000
Utilities
$3,000
Mortgage Interest
$3,500
Debt Interest
$43,000

Lender Information

Servicing Lender
Peoples Bank of Alabama
Originating Lender
Peoples Bank of Alabama

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