PPP borrower record

MERCHANTS TRANSFER COMPANY PPP loan record

Public SBA PPP loan record for MERCHANTS TRANSFER COMPANY. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.

$397,700
Approved amount
$400,307
Forgiven amount
2020-04-06
Date approved

Borrower and loan details

Borrower
MERCHANTS TRANSFER COMPANY
Loan number
5892967008
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
Mobile
Borrower state
Alabama
Borrower ZIP
36610
Jobs reported
39
Loan status
Exemption 4
Forgiveness date
2020-12-10
Servicing lender
Oakworth Capital Bank
Originating lender
Oakworth Capital Bank

Reported use of proceeds

Payroll
$298,275
Rent
$19,885
Utilities
$19,885
Mortgage interest
$19,885
Health care
$19,885
Debt interest
$19,885

Location pages

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Source note

PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.