B D WELCH CONSTRUCTION LLC (AL) - 2020 PPP Loan Borrower Profile (# 2576408310)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to B D WELCH CONSTRUCTION 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

2576408310

SBA Office Code

0459

Processing Method

PPS

Curent Loan Amount

$318,745

Date Loan was Approved

Jan 21, 2021

Amount Forgiven

$321,976.72

Date Loan was Forgiven

Jan 26, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

318,745

Lender

River Bank & Trust

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

236220

Borrower Location

Steele, AL

Project Location

Steele, 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.