Loans Issued BY Southern Bank

Loan Amount Company Name Location Lender
$350K-1M COMPLETE CONSTRUCTION, LLC Albertville , AL First Southern State Bank
$350K-1M CORBITT POWER AND LIGHT LLC Albertville , AL First Southern State Bank
$350K-1M CORFIN TINNING SERVICES, INC. DBA TINTRONICS INDUSTRIES Huntsville , AL Southern States Bank
$350K-1M COVINGTON HEAVY DUTY PARTS, INC. Andalusia , AL Southern Independent Bank
$350K-1M GEOMARC INC Florence , AL First Southern Bank
$350K-1M GILBERT & BAUGH FORD INC Albertville , AL First Southern State Bank
$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 HARPER ELECTRIC CONSTRUCTION COMPANY, INC. Andalusia , AL Southern Independent Bank
$350K-1M HUDDLE HOUSE Andalusia , AL Southern Independent Bank
$350K-1M HUDMON CONSTRUCTION CO INC Opelika , AL Southern States Bank
$350K-1M INDEPENDENT HEALTH SERVICES INC. Rainsville , AL First Southern State Bank
$350K-1M INFANTS AND CHILDREN'S CLINIC, P.C. Florence , AL First Southern Bank
$350K-1M J AND P TRUCKING INC Henagar , AL First Southern State Bank
$350K-1M J.T. RAY COMPANY, INC. Florence , AL First Southern 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 ONE SOLUTIONS LLC Opelika , AL Southern States Bank
$350K-1M PUROHIT PEDIATRIC CLINIC, LLC Anniston , AL Southern States Bank
$350K-1M RANDOLPH MANAGEMENT COMPANY, INC. Roanoke , AL Southern States Bank
$350K-1M RIGHT WAY RESTAURANTS INC Huntsville , AL Southern States Bank
$350K-1M SIMPSON ENTERPRISES INC. Florence , AL First Southern Bank
$350K-1M SLOCUMB LAW FIRM, LLC Auburn , AL Southern States Bank
$350K-1M SOUTHERN METAL PROCESSING CO., INC. Oxford , AL Southern States Bank
$350K-1M SOUTHWEST ALABAMA BEHAVIORAL HEALTH CARE SYSTEMS Monroeville , AL Southern Independent Bank
$350K-1M TAYLOR LINEN SERVICES, INC Andalusia , AL Southern Independent Bank
$350K-1M THE SUPPLY ROOM, INC Oxford , AL Southern States Bank
$350K-1M VISION CENTRIC INC Madison , AL First Southern State Bank
$350K-1M WAGSTAFF-TAYLOR & ASSOCIATES, INC Birmingham , AL Southern States Bank
$350K-1M WASTE PROCESSING EQUIPMENT INC. Rainsville , AL First Southern State Bank
$150K-350K ABBOTT, LIVINGS, SMITH & HIGGINS, P.C. Birmingham , AL First Southern State Bank
$150K-350K ABC HOSPICE INC. Rainsville , AL First Southern State Bank
$150K-350K ABROMS & ASSOCIATES, PC Florence , AL First Southern Bank
$150K-350K ALABAMA ORTHOTICS & PRESTHETICS INC Huntsville , AL First Southern Bank
$150K-350K ALLEN AND ALAN ZXB Vestavia hills , AL Southern States 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.