APELMACHINE & SUPPLY CO INC (AL) - 2020 PPP Loan Borrower Profile (# 4644697703)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to APELMACHINE & SUPPLY CO INC. 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
4644697703
SBA Office Code
0459
Processing Method
PPP
Curent Loan Amount
$571,401
Date Loan was Approved
May 1, 2020
Amount Forgiven
$579,165.79
Date Loan was Forgiven
Sep 15, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Payroll Proced
571,401
Lender
Wells Fargo Bank, National Association

Business Detail

Business Type
Corporation
NAICS
237110
Borrower Location
HANCEVILLE, AL
Project Location
HANCEVILLE, AL
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
31
Business Age Description
Existing or more than 2 years old
Data Source: SBA.