ASBURY UNITED METHODIST CHURCH (AL) - 2020 PPP Loan Borrower Profile (# 5516207010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ASBURY UNITED METHODIST CHURCH. 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

5516207010

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$501,200

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$504,555.26

Date Loan was Forgiven

Dec 9, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

20,800

Payroll Proced

455,400

Mortgage Interest Proceed

25,000

Lender

ServisFirst Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

813110

Borrower Location

MADISON, AL

Project Location

MADISON, AL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

126

Business Age Description

Existing or more than 2 years old

Data Source: SBA.