Alabama Motor Express INC

$2,506,000 PPP Loan in Ashford, Alabama

Loan Details

Loan Number
8226787004
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$2,506,000
Current Approval
$2,506,000
Forgiveness Amount
$2,534,193
Forgiveness Date
May 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Alabama Motor Express INC
Address
10720 US Hwy 84 East
State
Alabama
ZIP Code
36312-4497
Business Type
Corporation
Industry (NAICS)
Transportation and Warehousing (484121)
Business Age
Existing or more than 2 years old
Jobs Reported
253
Estimated Revenue
$51.0M
Rural/Urban
Rural
Congressional District
AL-02

Loan Use Breakdown

Payroll
$2,390,504
Utilities
$52,140
Mortgage Interest
$63,356

Lender Information

Servicing Lender
Servisfirst Bank
Originating Lender
Servisfirst Bank

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