BILLY THOMPSON MOTORS INC (AL) - 2020 PPP Loan Borrower Profile (# 8526657100)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BILLY THOMPSON MOTORS 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

8526657100

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$39,900

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$40,092.85

Date Loan was Forgiven

Oct 14, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

39,900

Lender

River Bank & Trust

Business Detail

Business Type

Subchapter S Corporation

NAICS

441228

Borrower Location

SYLACAUGA, AL

Project Location

SYLACAUGA, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.