ABEL, LLC (AL) - 2020 PPP Loan Borrower Profile (# 5229257109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABEL, LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Alabama.

Loan Detail

Loan Number

5229257109

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$81,300

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$82,153.09

Date Loan was Forgiven

May 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

81,300

Lender

The Southern Bank Company

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

423840

Borrower Location

GRAYSVILLE, AL

Project Location

GRAYSVILLE, AL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.