Loans Issued BY Quontic Bank

Loan Amount Company Name Location Lender
$1 -150K ALASKA OB-GYN ASSOCIATES LLC Anchorage , AK Quontic Bank
$1 -150K MAPLE LEAF CONSTRUCTION INC. Anchorage , AK Quontic Bank
$1 -150K RELIABLE ELECTRIC LLC Wasilla , AK Quontic Bank
$1 -150K NEXT INVESTMENT LLC Wasilla , AK Quontic Bank
$1 -150K AMP ENERGY LLC Flat rock , AL Quontic Bank
$1 -150K DOUBLE R AUTO LLC Birmingham , AL Quontic Bank
$1 -150K FULLER HOMES LLC Decatur , AL Quontic Bank
$1 -150K CRAIG’S ELECTRICAL SERVICE INC. Bessemer , AL Quontic Bank
$1 -150K CHOAT ENGINEERING CORP Helena , AL Quontic Bank
$1 -150K A PLUS CANOPIES INC. Lawley , AL Quontic Bank
$1 -150K AROUND THE CLOCK PLUMBING LLC Huntsville , AL Quontic Bank
$1 -150K SOUTHERN SPECIALTY WELDING LLC Marion , AL Quontic Bank
$1 -150K PB BORING INC. Muscadine , AL Quontic Bank
$1 -150K GRAND BAY SEAFOOD INC Grand bay , AL Quontic Bank
$1 -150K BEACHFRONT CONSTRUCTION LLC Gulf shores , AL Quontic Bank
$1 -150K GREAT AMERICAN DOOR LLC Decatur , AL Quontic Bank
$1 -150K VEL TRUE TECHNOLOGIES LLC Clanton , AL Quontic Bank
$1 -150K PRECISION PLUMBING LLC Valley , AL Quontic Bank
$1 -150K ASPIRE INTEGRATIVE HEALTH CLINIC LLC Opelika , AL Quontic Bank
$1 -150K THE FLAG PLACE CENTRAL INC. New hope , AL Quontic Bank
$1 -150K ALL SOUTH STEELWORX LLC Trussville , AL Quontic Bank
$1 -150K VALLEY LANDSCAPE AND TURF Phenix city , AL Quontic Bank
$1 -150K CARLISLE AUTOMATION SERVICES LLC Silas , AL Quontic Bank
$1 -150K NEAL RODGERS TEXTILE DIST. INC.-D.B.A. Talladega , AL Quontic Bank
$1 -150K LAKE MITCHELL CONSTRUCTION INC. Clanton , AL Quontic Bank
$1 -150K WIREGRASS HUMANE SOCIETY Dothan , AL Quontic Bank
$1 -150K ATLAS F L.L.C. Mobile , AL Quontic Bank
$1 -150K MOTE HEATING AND COOLING LLC Somerville , AL Quontic Bank
$1 -150K CENTER FOR FAIR HOUSING INC. Mobile , AL Quontic Bank
$1 -150K HERITAGE PEST MANAGEMENT Gadsden , AL Quontic Bank
$1 -150K LOTT MANUFACTURING COMPANY LLC Anniston , AL Quontic Bank
$1 -150K BILL BAFF LANDSCAPE INC. Theodore , AL Quontic Bank
$1 -150K ALDRICH PUBLISHING LLC Scottsboro , AL Quontic Bank
$1 -150K BEANS AND GREENS LLC Gadsden , AL Quontic Bank
$1 -150K CORNERSTONE CHRISTIAN SCHOOL Decatur , AL Quontic 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.