BASIC SUPPLY CO., INC (AL) - 2020 PPP Loan Borrower Profile (# 6696477207)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BASIC 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

6696477207

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$83,637.5

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$84,206.7

Date Loan was Forgiven

Dec 31, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

83,637.5

Lender

PeoplesTrust Bank

Business Detail

Business Type

Corporation

NAICS

444190

Borrower Location

LYNN, AL

Project Location

LYNN, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.