AL AUTO INSURANCE (AL) - 2020 PPP Loan Borrower Profile (# 8077247001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AL AUTO INSURANCE. 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

8077247001

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$37,857.5

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$38,084.64

Date Loan was Forgiven

Nov 12, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,860

Payroll Proced

30,286

Mortgage Interest Proceed

3,214

Rent Proceed

1,497.5

Lender

Valley State Bank

Business Detail

Business Type

Sole Proprietorship

NAICS

524126

Borrower Location

RUSSELLVILLE, AL

Project Location

RUSSELLVILLE, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.