BILL PENNEY MOTOR COMPANY INC (AL) - 2020 PPP Loan Borrower Profile (# 5354627003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BILL PENNEY MOTOR COMPANY 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

5354627003

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$1,868,600

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$1,880,953.52

Date Loan was Forgiven

Dec 8, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

16,900

Payroll Proced

1,630,500

Mortgage Interest Proceed

12,900

Rent Proceed

98,200

Debt Interest Proceed

110,100

Lender

ServisFirst Bank

Business Detail

Business Type

Corporation

NAICS

441110

Borrower Location

HUNTSVILLE, AL

Project Location

HUNTSVILLE, AL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

197

Business Age Description

Existing or more than 2 years old

Data Source: SBA.