Loans Issued BY Central Bank

Loan Amount Company Name Location Lender
$350K-1M DESIRED TEMP SERVICE CONTRACTORS INC Bessemer , AL Central State Bank
$350K-1M ENGINEERING DESIGN GROUP, LLC Pelham , AL Central State Bank
$350K-1M GAGB LLC Bessemer , AL Central State Bank
$350K-1M GRAY'S TIRE & SERVICE CENTER, INC. Wetumpka , AL First Community Bank of Central Alabama
$350K-1M MOUNTAIN HEATING AND COOLING, INC. Pelham , AL Central State Bank
$350K-1M NC2 FOODS, INC. Prattville , AL First Community Bank of Central Alabama
$350K-1M TIERCE INDUSTRIAL SERVICE, INC. Prattville , AL First Community Bank of Central Alabama
$150K-350K ACE ALL-STARS OF BIRMINGHAM Birmingham , AL Central State Bank
$150K-350K ACTIVE AIR, INC. Calera , AL Central State Bank
$150K-350K ADULLUM INTERNATIONAL MINISTRIES Wetumpka , AL First Community Bank of Central Alabama
$150K-350K ALABAMA TURF WORKS Helena , AL Central State Bank
$150K-350K APEX GAS & APPLIANCE CO INC. Wetumpka , AL First Community Bank of Central Alabama
$150K-350K AUTAUGA COUNTY PRIVATE SCHOOL FOUNDATION Prattville , AL First Community Bank of Central Alabama
$150K-350K BUILT-IN, INC. Birmingham , AL Central State Bank
$150K-350K C&W DRILLING, INC Saginaw , AL Central State Bank
$150K-350K CAFE IZ, LLC Birmingham , AL Central State Bank
$150K-350K CALERA DENTAL CENTER, PC Calera , AL Central State Bank
$150K-350K CENTRAL ALABAMA METAL & ROOFING INC. Montgomery , AL First Community Bank of Central Alabama
$150K-350K CJH INC. Waterloo , AL Alabama Central CU
$150K-350K COLLIER FORD, INC. Wetumpka , AL First Community Bank of Central Alabama
$150K-350K COPPERWING DESIGN, LLC Montgomery , AL First Community Bank of Central Alabama
$150K-350K CREED DEVELOPMENT LLC Helena , AL Central State Bank
$150K-350K DIVERSIFIED STEEL FABRICATORS, INC. Wetumpka , AL First Community Bank of Central Alabama
$150K-350K EDGEWOOD ACADEMY, INC. Elmore , AL First Community Bank of Central Alabama
$150K-350K ELLIS, HEAD, OWENS, JUSTICE & ARNOLD Columbiana , AL Central State Bank
$150K-350K FARMERS POULTRY SUPPLY, INC Cullman , AL Central State Bank
$150K-350K FIRST BAPTIST CHURCH OF WETUMPKA Wetumpka , AL First Community Bank of Central Alabama
$150K-350K GARY HOWARD, MD, PC Calera , AL Central State Bank
$150K-350K HCR CABINETS & COUNTERTOPS LLC Alabaster , AL Central State Bank
$150K-350K HOLLEY OIL COMPANY, INC. Wetumpka , AL First Community Bank of Central Alabama
$150K-350K JMR, LLC Columbiana , AL Central State Bank
$150K-350K KIRKLAND WRECKER SERVICE, LLC Pelham , AL Central State Bank
$150K-350K MARBIL Chelsea , AL Central State Bank
$150K-350K MARK'S TOWING AND AUTO REPAIR, LLC Clanton , AL Central State Bank
$150K-350K MID-SOUTH FABRICATIONS INC. Jemison , AL Central State 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.