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Matthews Industries, Inc.

$617,922 PPP Loan in Decatur, Alabama

Loan Details

Loan Number
9257377105
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$617,922
Current Approval
$617,922
Forgiveness Amount
$624,874
Forgiveness Date
Jun 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Matthews Industries, Inc.
Address
23 2nd St SW
City
Decatur
State
Alabama
ZIP Code
35601
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333415)
Business Age
Existing or more than 2 years old
Jobs Reported
62
Estimated Revenue
$16.2M
Rural/Urban
Rural
Congressional District
AL-05

Loan Use Breakdown

Payroll
$463,442
Utilities
$154,480

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
First Source Federal Credit Union

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