Loans Issued BY Bank Independent

Loan Amount Company Name Location Lender
$350K-1M CONDITIONED AIR SOLUTIONS, LLC Huntsville , AL Bank Independent
$350K-1M COVINGTON HEAVY DUTY PARTS, INC. Andalusia , AL Southern Independent Bank
$350K-1M CTS EXCAVATIONS LLC Scottsboro , AL Bank Independent
$350K-1M DRAIN ENTERPRISES, INC Scottsboro , AL Peoples Independent Bank
$350K-1M GEOCUE GROUP, INC Madison , AL Bank Independent
$350K-1M GOBBLE-FITE LUMBER CO., INC. Decatur , AL Bank Independent
$350K-1M GSE, INC. Trinity , AL Bank Independent
$350K-1M H D EDGAR TRUCKING CO INC Opp , AL Southern Independent Bank
$350K-1M HAMMER LGC, INC Samson , AL Southern Independent Bank
$350K-1M HARBIN MOTOR COMPANY INC Scottsboro , AL Peoples Independent Bank
$350K-1M HARPER ELECTRIC CONSTRUCTION COMPANY, INC. Andalusia , AL Southern Independent Bank
$350K-1M HAWKINS HAWKINS GALES & HARRIS PARTNERSHIP Decatur , AL Bank Independent
$350K-1M HUDDLE HOUSE Andalusia , AL Southern Independent Bank
$350K-1M LISTER HEALTHCARE CORPORATION Florence , AL Bank Independent
$350K-1M MADISON CORE LABORATORIES, LLC Huntsville , AL Bank Independent
$350K-1M MARKOR ENTERPRISES, INC. Florence , AL Bank Independent
$350K-1M MARS HILL BIBLE SCHOOL Florence , AL Bank Independent
$350K-1M MILNER-RUSHING DISCOUNT DRUGS, INC. Florence , AL Bank Independent
$350K-1M MORELL ENGINEERING Athens , AL Bank Independent
$350K-1M N V CHATTANOOGA LLC Madison , AL Bank Independent
$350K-1M NOBLE LLC Scottsboro , AL Peoples Independent Bank
$350K-1M OBSTETRICS & GYNECOLOGY ASSOCIATES OF NORTHWEST ALABAMA, P.C. Florence , AL Bank Independent
$350K-1M PEDIATRIC CLINIC, LLC Opelika , AL Peoples Independent Bank
$350K-1M PRINTERS AND SATIONERS, INC Florence , AL Bank Independent
$350K-1M QUADRUS CORPORATION Huntsville , AL Bank Independent
$350K-1M R2C, LLC Huntsville , AL Bank Independent
$350K-1M SIBLEY OIL COMPANY, INC Russellville , AL Bank Independent
$350K-1M SMTG, INC. Albertville , AL Peoples Independent Bank
$350K-1M SOUTHWEST ALABAMA BEHAVIORAL HEALTH CARE SYSTEMS Monroeville , AL Southern Independent Bank
$350K-1M T & C STAMPING, INC. Athens , AL Bank Independent
$350K-1M TAYLOR LINEN SERVICES, INC Andalusia , AL Southern Independent Bank
$350K-1M TENNESSEE VALLEY MECHANICAL, INC. Hillsboro , AL Bank Independent
$350K-1M TRADE POULTRY LLC Fyffe , AL Peoples Independent Bank
$350K-1M TRI-COUNTY GROUP HOME, INC. Fyffe , AL Peoples Independent Bank
$350K-1M WEATHERS HARDWARE & APPLIANCE CO., INC Boaz , AL Peoples Independent Bank

Frequently Asked Questions (FAQs)

A1: The CARES Act, officially known as the Coronavirus Aid, Relief, and Economic Security Act, is a federal law passed in March 2020 to provide economic relief to individuals, businesses, and healthcare providers affected by the COVID-19 pandemic.

The Paycheck Protection Program (PPP) is a part of the CARES Act designed to provide forgivable loans to small businesses to help cover payroll costs, rent, and other eligible expenses during the COVID-19 pandemic.

Small businesses, nonprofits, independent contractors, and self-employed individuals were generally eligible for PPP loans. Eligibility criteria and requirements may vary, so it's essential to check with the Small Business Administration (SBA) or your lender for specific details.

PPP loans were generally calculated based on a business's average monthly payroll costs. In most cases, businesses could receive up to 2.5 times their average monthly payroll costs, up to a maximum loan amount.

Yes, PPP loans are forgivable if the funds are used for eligible expenses like payroll, rent, and utilities. A certain percentage (usually 60% or more) of the loan must be used for payroll to qualify for full forgiveness

You can apply for a PPP loan through participating lenders, such as banks and credit unions. The SBA's website provides a list of lenders who participated in the program

Required documents typically include payroll records, tax forms, and other financial documents. Consult with your lender for specific documentation requirements

Deadlines for PPP loan applications have changed over time. It's essential to check the latest deadlines on the SBA's website or with your lender.

Yes, there is a second round of PPP loans (PPP2) available to eligible businesses. Requirements and eligibility criteria for PPP2 may differ from the first round.

You can request loan forgiveness through your lender by submitting the required documentation and forms. The forgiveness application process may vary based on the size and terms of your loan.