Loans Issued BY First State Bank

Loan Amount Company Name Location Lender
$350K-1M HOLLY'S HOMES, LLC Albertville , AL Valley State Bank
$350K-1M HP HOTEL MANAGEMENT INC. Birmingham , AL Oklahoma State Bank
$350K-1M HUBBARD PROPERTIES INC Birmingham , AL South State Bank, National Association
$350K-1M INDEPENDENT HEALTH SERVICES INC. Rainsville , AL First Southern State Bank
$350K-1M INGRAM EQUIPMENT COMPANY, LLC Pelham , AL South State Bank, National Association
$350K-1M J AND P TRUCKING INC Henagar , AL First Southern State Bank
$350K-1M JUDY B HAYMON HOMES, INC Fyffe , AL First Southern State Bank
$350K-1M K SUPPLY COMPANY INC Albertville , AL First Southern State Bank
$350K-1M LADD ENGINEERING ASSOCIATES INC Fort payne , AL First State Bank of DeKalb County
$350K-1M LIV DEVELOPMENT LLC Birmingham , AL South State Bank, National Association
$350K-1M LOGISYS TECHNICAL SERVICES INCORPORATED Huntsville , AL South State Bank, National Association
$350K-1M MB SOLUTIONS INC Huntsville , AL South State Bank, National Association
$350K-1M MCSWEENEY HOLDINGS, LLC Pell city , AL South State Bank, National Association
$350K-1M MITCHELL'S PLACE Birmingham , AL South State Bank, National Association
$350K-1M MOUNTAIN HEATING AND COOLING, INC. Pelham , AL Central State Bank
$350K-1M MULLINS, L.L.C Huntsville , AL South State Bank, National Association
$350K-1M ORTHOEAST PC Birmingham , AL South State Bank, National Association
$350K-1M PREPAID TECHNOLOGIES COMPANY, INC Mountain brk , AL South State Bank, National Association
$350K-1M QUICK CARE HOLDINGS,LLC Huntsville , AL South State Bank, National Association
$350K-1M RIDGELINE CONSTRUCTION HSV, INC Athens , AL South State Bank, National Association
$350K-1M ROBIN RENTS Huntsville , AL South State Bank, National Association
$350K-1M RODS' CUSTOM BODY SHOP, INC Huntsville , AL South State Bank, National Association
$350K-1M ROY SLEEP MEDICINE, INC Huntsville , AL South State Bank, National Association
$350K-1M SECOND WIND PROGRAMS, INC Birmingham , AL South State Bank, National Association
$350K-1M SOURCEPOINTE OF AL, LLC Birmingham , AL South State Bank, National Association
$350K-1M SOUTHERN CLEARING, LLC Butler , AL Sweet Water State Bank
$350K-1M SPRINGER EQUIPMENT CO. INC. Birmingham , AL South State Bank, National Association
$350K-1M ST. LUKE'S EPISCOPAL CHURCH, MOUNTAIN BROOK, ALABAMA, INC. Birmingham , AL South State Bank, National Association
$350K-1M STORYTELLER OVERLAND, LLC Birmingham , AL South State Bank, National Association
$350K-1M SUNSET CARE LLC Guin , AL State Bank & Trust
$350K-1M TAYLOR & MIREE CONSTRUCTION INC. Birmingham , AL South State Bank, National Association
$350K-1M THE SPARKS CPA FIRM PC Red bay , AL Valley State Bank
$350K-1M THE TAYLOR COMPANY INC. Leeds , AL South State Bank, National Association
$350K-1M TOMBIGBEE ELECTRIC COOPERATIVE INC Hamilton , AL State Bank & Trust
$350K-1M TOP TIER BEACH, LLC Gulf shores , AL South State Bank, National Association

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.