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Williams Machine INC

$308,140 PPP Loan in Arab, Alabama

Loan Details

Loan Number
9515007005
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$308,140
Current Approval
$308,140
Forgiveness Amount
$309,878
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Williams Machine INC
Address
764 County Road 1845
City
Arab
State
Alabama
ZIP Code
35016-2466
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333249)
Business Age
Existing or more than 2 years old
Jobs Reported
33
Estimated Revenue
$8.6M
Rural/Urban
Rural
Congressional District
AL-04

Loan Use Breakdown

Payroll
$246,512
Utilities
$35,561
Health Care
$26,067

Lender Information

Servicing Lender
Southpoint Bank
Originating Lender
Merchants Bank of Alabama, a Division of Southpoint Bank

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