APPLAUSE FINE ARTS SCHOOL, INC. (AL) - 2020 PPP Loan Borrower Profile (# 4556637108)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to APPLAUSE FINE ARTS SCHOOL, 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

4556637108

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$7,961

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$8,008.99

Date Loan was Forgiven

Nov 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

796.1

Payroll Proced

5,970.75

Mortgage Interest Proceed

1,194.15

Lender

First Metro Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

611699

Borrower Location

SHEFFIELD, AL

Project Location

SHEFFIELD, AL

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.