Loans Issued BY Pen Air FCU

Loan Amount Company Name Location Lender
$150K-350K CONCRETE SOLUTIONS LLC Gulf shores , AL Pen Air FCU
$350K-1M BULLOCK TICE ASSOCIATES, INC. Pensacola , FL Pen Air FCU
$150K-350K AIR TECH OF PENSACOLA, INC Pensacola , FL Pen Air FCU
$150K-350K DAVIS ROOFING AND SHEETMETAL, LLC Milton , FL Pen Air FCU
$150K-350K LAZY DAYS BEACH RENTALS 2 LLC Gulf breeze , FL Pen Air FCU
$150K-350K MILTON QUALITY BAKERY Milton , FL Pen Air FCU
$150K-350K WARDROCK, LLC Navarre , FL Pen Air FCU
$1 -150K EMERALD SANDS MEDICAL CENTER Foley , AL Pen Air Credit Union
$1 -150K FOLEY FAMILY PRACTICE MANAGEMENT LLC Foley , AL Pen Air Credit Union
$1 -150K CORE SHAPERS INC Foley , AL Pen Air Credit Union
$1 -150K CORE SHAPERS INC. Foley , AL Pen Air Credit Union
$1 -150K TLSS LLC Daphne , AL Pen Air Credit Union
$1 -150K SOUTHERN SHIPPING LLC Spanish fort , AL Pen Air Credit Union
$1 -150K DELTA CLINICAL RESEARCH LLC Mobile , AL Pen Air Credit Union
$1 -150K SIMPLIFIED TELECOMMUNICATION CONSULTING LLC Loxley , AL Pen Air Credit Union
$1 -150K ADVANCED METAL SYSTEMS OF ALABAMA LLC Summerdale , AL Pen Air Credit Union
$1 -150K CREATIVE DENTAL DESIGNS INC. Daphne , AL Pen Air Credit Union
$1 -150K HUTZELL RENOVATIONS LLC Robertsdale , AL Pen Air Credit Union
$1 -150K ISLAND LIFE RETIREMENT Gulf shores , AL Pen Air Credit Union
$1 -150K SILVERHILL CABINETRY AND WOODWORKS Silverhill , AL Pen Air Credit Union
$1 -150K CANOE FURNITURE AND SLEEP STORE Atmore , AL Pen Air Credit Union
$1 -150K DIGITAL FORENSICS CONSULTANT Foley , AL Pen Air Credit Union
$1 -150K JORDAN’S INSTALLATIONS LLC Summerdale , AL Pen Air Credit Union
$1 -150K WALTON CONSTRUCTION Foley , AL Pen Air Credit Union
$1 -150K DELTA CLINICAL RESEARCH LLC Mobile , AL Pen Air Credit Union
$1 -150K PRESTIGIOUS FLOORING & DESIGN LLC Daphne , AL Pen Air Credit Union
$1 -150K KATELYN JORDAN Summerdale , AL Pen Air Credit Union
$1 -150K SPECIALTY WASH OF THE GULF COAST LLC Fairhope , AL Pen Air Credit Union
$1 -150K SPECIALTY WASH OF THE GULF COAST LLC Fairhope , AL Pen Air Credit Union
$1 -150K JIGSAW CONSTRUCTION LLC Foley , AL Pen Air Credit Union
$1 -150K GULF COAST ELEVATOR LLC Foley , AL Pen Air Credit Union
$1 -150K SEMINOLE LAWN CARE LLC Seminole , AL Pen Air Credit Union
$1 -150K M&M JONES TRANSPORTATION Seminole , AL Pen Air Credit Union
$1 -150K DESMONDS TASTE OF JAMAICA Foley , AL Pen Air Credit Union
$1 -150K CADY WORKMAN Gulf shores , AL Pen Air Credit Union

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.