Millions of PPP money loaned to thousands of Huntsville businesses
The $660 billion federal relief program was designed to help small businesses keep employees on the payroll during the coronavirus pandemic.
More than 3,500 businesses in Huntsville received some money. Almost 20% took home more than $150,000.
Some notable Huntsville businesses that received more than $150,000 are HudsonAlpha, Downtown Rescue Mission, Yellowhammer Brewery, and GrubSouth.
Master’s Touch Barbering received $11,000. The barber shop was shut down during the governor’s safer at home order. Owner, Lee Lamb, told 48 News the loan is the only reason he was able to re-open his shop.
The Huntsville businesses who received more than $150,000 from the Paycheck Protection Program are the following:
The data shows the government issued $521 billion in loans with an average loan size of $107,000.