PPP Loan Information — ISSIS AND SONS CARPET INC
ISSIS AND SONS CARPET INC is a corporation located in Pelham, Alabama that received a Coronavirus-related PPP loan from the SBA of at least $150,000.00 in April, 2020.
PPP Loan Information
ISSIS AND SONS CARPET INC received a Paycheck Protection Loan of between 150,000 and 350,000 through Renasant Bank, which was approved in April, 2020.
Based on standard PPP eligibility rules, ISSIS AND SONS CARPET INC's total 2019 payroll expenses were between $720,000 and $1.68M in order to qualify for the PPP loan amount received. Based on their reported 27 jobs retained, this equals an estimated average yearly compensation between $26,667 and $62,222 per employee1.
Business Information - ISSIS AND SONS CARPET INC in PELHAM, AL
2858 Pelham Pkwy
PELHAM, AL 35124
Carpet and Rug Mills (NAICS code 314110)
Business Owner Demographics
Race / Ethnicity: Unanswered
Veteran Status: UnansweredAL - 06
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for private companies that received a PPP loan of $150,000 or over. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.