Loans Issued BY Farmers Bank and Trust Company

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 GODWIN MATERIAL SERVICE, INC Brantley , AL Brantley Bank and Trust Company
$350K-1M JOHNSTON TRUCKING Brundidge , AL Marion Bank and Trust Company
$350K-1M OFS, LLC Auburn , AL Marion Bank and Trust Company
$350K-1M PLATINUM CONTRACTING GROUP LLC Daphne , AL Gulf Coast Bank and Trust Company
$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
$150K-350K GARY W. MURRELL O.D., P.C. Anniston , AL Farmers and Merchants Bank
$150K-350K GIVORNS INC. Valley , AL Farmers and Merchants Bank
$150K-350K INGRAM DENTAL CLINIC, P.C. Piedmont , AL Farmers and Merchants Bank
$150K-350K JTG ENTERPRISES, INC. Anniston , AL Farmers and Merchants Bank
$150K-350K KELLY LOGISTICS INC Wadley , AL Farmers and Merchants Bank
$150K-350K MCCORMICK REFRIGERATION, INC Anniston , AL Farmers and Merchants Bank
$150K-350K OSKARS ENTERPRISES INC Dadeville , AL Farmers and Merchants Bank
$150K-350K PIEDMONT EMERGENCY RESCUE SQUAD Piedmont , AL Farmers and Merchants Bank
$150K-350K PINE CRAFTER FURNITURE, INC. Haleyville , AL Traders & Farmers Bank
$150K-350K SAYER DELIVERY SERVICE INC Prattville , AL Merchants & Farmers Bank of Greene County

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.