Loans Issued BY The Peoples Bank

Loan Amount Company Name Location Lender
$350K-1M DECATUR COCA-COLA BOTTLING COMPANY Decatur , AL Peoples Bank of Alabama
$350K-1M DRAIN ENTERPRISES, INC Scottsboro , AL Peoples Independent Bank
$350K-1M EPI INC Helena , AL Peoples Bank of Alabama
$350K-1M EXCEL INTERIOR DOOR, LLC Hartselle , AL Peoples Bank of Alabama
$350K-1M FRANKLIN LTC, LLC Russellville , AL Peoples Bank
$350K-1M GADSDEN FABRICATION, INC. Gadsden , AL Peoples Bank of Alabama
$350K-1M GUNTER OIL COMPANY, INC. Birmingham , AL Peoples Bank of Alabama
$350K-1M HARBIN MOTOR COMPANY INC Scottsboro , AL Peoples Independent Bank
$350K-1M HAYNES FARM, INC. Blountsville , AL Peoples Bank of Alabama
$350K-1M JET PEP, INC. Holly pond , AL Peoples Bank of Alabama
$350K-1M LIFECARE OF ALABAMA, INC Birmingham , AL Peoples Bank of Alabama
$350K-1M LOYD HOMES OF DECATUR, INC Decatur , AL Peoples Bank of Alabama
$350K-1M MAGNOLIA RIVER TRANSMISSION, LLC Hartselle , AL Peoples Bank of Alabama
$350K-1M MARX OPTICAL, INC. Decatur , AL Peoples Bank of Alabama
$350K-1M MEDICAL EQUIPMENT INSTALLATION, INC Gadsden , AL Peoples Bank of Alabama
$350K-1M MITCHELL RETAIL PROPERTIES, LLC Albertville , AL Peoples Bank of Alabama
$350K-1M NISSAN OF GADSDEN, LLC Gadsden , AL Peoples Bank of Alabama
$350K-1M NOBLE LLC Scottsboro , AL Peoples Independent Bank
$350K-1M NUNLEY FARM, INC. Joppa , AL Peoples Bank of Alabama
$350K-1M PAY SUITE LLC Gadsden , AL Peoples Bank of Alabama
$350K-1M PEDIATRIC CLINIC, LLC Opelika , AL Peoples Independent Bank
$350K-1M PEPSI-COLA BOTTLING COMPANY OF ATMORE, INC. Atmore , AL Peoples Bank
$350K-1M PETRO TRAVEL CENTER Hanceville , AL Peoples Bank of Alabama
$350K-1M POLITICAL MARKETING SERVICES, LLC Birmingham , AL Peoples Bank of Alabama
$350K-1M RIVER CITY EQUIPMENT RENTAL & SALES, INC. Decatur , AL Peoples Bank of Alabama
$350K-1M ROPAK MANUFACTURING COMPANY, INC Decatur , AL Peoples Bank of Alabama
$350K-1M SET LOGISTICS INC Oneonta , AL Peoples Bank of Alabama
$350K-1M SMTG, INC. Albertville , AL Peoples Independent Bank
$350K-1M SPEEGLE CONTRACTING COMPANT, INC Cullman , AL Peoples Bank of Alabama
$350K-1M SPJ GENERAL CONTRRACTORS, INC Trinity , AL Peoples Bank of Alabama
$350K-1M SYNCRO CORPORATION Arab , AL Peoples Bank of Alabama
$350K-1M T&K CONSTRUCTION LLC Vinemont , AL Peoples Bank of Alabama
$350K-1M THERMAPRO, LLC Kimberly , AL Peoples Bank of Alabama
$350K-1M TPC OF BLOUNT COUNTY ALABAMA, INC Horton , AL Peoples Bank of Alabama
$350K-1M TRADE POULTRY LLC Fyffe , AL Peoples Independent 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.