AFFORDABLE MOTORS LLC (AL) - 2020 PPP Loan Borrower Profile (# 8505377100)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AFFORDABLE MOTORS 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

8505377100

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$39,000

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$39,186.99

Date Loan was Forgiven

Oct 13, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

700

Payroll Proced

37,550

Mortgage Interest Proceed

750

Lender

Troy Bank & Trust Company

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

441120

Borrower Location

LANETT, AL

Project Location

LANETT, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.