B & S RASCO FARMS INC (AL) - 2020 PPP Loan Borrower Profile (# 3730078507)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to B & S RASCO FARMS 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

3730078507

SBA Office Code

0459

Processing Method

PPS

Curent Loan Amount

$9,891.7

Date Loan was Approved

Feb 24, 2021

Amount Forgiven

$9,924.67

Date Loan was Forgiven

Jun 28, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

9,890.7

Lender

Merchants Bank of Alabama, A Division of SouthPoint Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

112320

Borrower Location

Baileyton, AL

Project Location

Baileyton, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.