Loans Issued BY Farmers and Merchants Bank

Loan Amount Company Name Location Lender
$350K-1M COOPER STEEL SOUTH, LLC Childersburg , AL First Farmers and Merchants Bank
$350K-1M HENNON L KING LLC Valley , AL Farmers and Merchants Bank
$350K-1M INDUSTRIAL SERVICE & SUPPLY INC. Valley , AL Farmers and Merchants Bank
$350K-1M INTERSTATE SHEET METAL CO., INC. Anniston , AL Farmers and Merchants Bank
$350K-1M GREENETRACK, INC Eutaw , AL Merchants & Farmers Bank of Greene County
$350K-1M THE HEALTH CARE AUTHORITY OF THE CITY OF PIEDMONT Piedmont , AL Farmers and Merchants Bank
$350K-1M YOUNG OIL, INC. Piedmont , AL Farmers and Merchants Bank
$150K-350K ABS BUSINESS SYSTEMS OF BIRMINGHAM, LLC Birmingham , AL Farmers and Merchants Bank
$150K-350K ABS BUSINESS SYSTEMS, INC Oxford , AL Farmers and Merchants Bank
$150K-350K ARC OF CHATTAHOOCHEE VALLEY, INC. Valley , AL Farmers and Merchants Bank
$150K-350K B & E AUTOMOTIVE SERVICES, LLC Prattville , AL Merchants & Farmers Bank of Greene County
$150K-350K BENNETT LUMBER COMPANY, L.L.C. Piedmont , AL Farmers and Merchants Bank
$150K-350K BRINSON ENTERPRISES LLC Lafayette , AL Farmers and Merchants Bank
$150K-350K C & C FABRICATION LLC Lanett , AL Farmers and Merchants Bank
$150K-350K CHEROKEE FARMERS COOPERATIVE, INC Centre , AL Farmers and Merchants Bank
$150K-350K CHRIS LANGLEY TIMBER MANAGEMENT INC Camp hill , AL Farmers and Merchants Bank
$150K-350K DESIGNER SMILES BY BENTON OF ALABAMA, INC. Anniston , AL Farmers and Merchants Bank
$150K-350K DUDLEY HARDWOODS LLC Hatchechubbee , AL Farmers and Merchants Bank
$150K-350K DUDLEY WOOD PRODUCTS, LLC Hatchechubbee , AL Farmers and Merchants Bank
$150K-350K EXPRESS MED OF ALABAMA, LLC Florence , AL First Farmers and Merchants Bank
$150K-350K FARNELL MECHANICAL INC Opelika , AL Farmers and Merchants Bank
$1 -150K FULL SERVICE ORGANICS MANAGEMENT, LLC Oconto falls , WI Farmers & Merchants Bank & Trust
$350K-1M ECKENROD FORD LINCOLN OF CULLMAN Cullman , AL Merchants Bank of Alabama
$350K-1M MITCH SMITH CHEVROLET, INC. Cullman , AL Merchants Bank of Alabama
$350K-1M NORTH CENTRAL NEUROLOGY ASSOCIATES P C Cullman , AL Merchants Bank of Alabama
$350K-1M PAYROLL SERVICES, LLC Cullman , AL Merchants Bank of Alabama
$350K-1M WALKER BROTHERS, LTD Baileyton , AL Merchants Bank of Alabama
$150K-350K AMERICAN CLASSICS APPAREL Hanceville , AL Merchants Bank of Alabama
$150K-350K AMERICAN INFRASTRUCTURE TECHNOLOGIES CORPORATION Hanceville , AL Merchants Bank of Alabama
$150K-350K BARR GROUP INC Gulf shores , AL Merchants & Marine Bank
$150K-350K BEEBE'S PEST & TERMITE CONTROL OF ALABAMA INC Foley , AL Merchants & Marine Bank
$150K-350K BLS RESTAURANT LLC Gulf shores , AL Merchants & Marine Bank
$150K-350K CARROLL'S COMTEMPORARY DESIGNS Addison , AL Merchants Bank of Alabama
$150K-350K CULLMAN UROLOGY P.C. Cullman , AL Merchants Bank of Alabama
$150K-350K DRAGONFLY PRODUCTIONS, LLC Fairhope , AL Merchants & Marine 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.