Who in Alabama got paycheck protection program loans during the pandemic? This database can answer the question
HUNTSVILLE, Alabama – Alabama businesses have received $ 9.5 billion in Paycheck Protection Program (PPP) funds according to the Small Business Administration.
The forgivable loans were intended to help businesses keep their workforce employed during the COVID-19 crisis.
Four industries in Alabama that have received the most paycheck protection program loans include health care and social assistance, construction, manufacturing, and professional, scientific, and technical services. Each of these four industries received over $ 1 billion.
the Small Business Administration Paycheck Protection Program Database ready, published and sorted by Bugle Ledger is broken down by states and counties.
A quick search shows the top borrowers in Alabama. Eleven companies obtained $ 10,000,000, the maximum amount authorized for a first PPP loan.
In Madison County, businesses received $ 825,735,444. Only one of the Madison County companies was approved for up to $ 10,000,000, Yorktown Systems Group, Inc. Hometown Lenders, The Orthopedic Center, PC and Pinnacle Solutions, Inc. all received over $ 6,000,000.
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