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PPP Loan Data — Airboss Rubber Compounding (NC) Inc, Scotland Neck, NC

SBA PPP loan data, payroll data, and salaries for Airboss Rubber Compounding (NC) Inc

Airboss Rubber Compounding (NC) Inc

Entity: Corporation

Industry: Rubber Product Manufacturing for Mechanical Use

Location: Scotland Neck, NC

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Airboss Rubber Compounding (NC) Inc is a corporation located at 500 Airboss Pkwy in Scotland Neck, North Carolina that received a Coronavirus-related PPP loan from the SBA of $6,422,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Airboss Rubber Compounding (NC) Inc in Scotland Neck, NC received a Paycheck Protection Loan of $6.42M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Airboss Rubber Compounding (NC) Inc's total 2019 payroll expenses were approximately $30.83M in order to qualify for the PPP loan amount received.

Based on their reported 497 jobs retained, this equals an estimated average yearly compensation of $62,026 per employee1.

Because the loan received by Airboss Rubber Compounding (NC) Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Airboss Rubber Compounding (NC) Inc in Scotland Neck, NC

Airboss Rubber Compounding (NC) Inc
500 Airboss Pkwy
Scotland Neck, NC 27874

Business Industry

Rubber Product Manufacturing for Mechanical Use (NAICS code 326291)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-01

Industry PPP Comparison Statistics

Nationwide, 177 businesses in the "Rubber Product Manufacturing for Mechanical Use" industry received a total of $97,714,291.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 45 employees, 91% lower than Airboss Rubber Compounding (NC) Inc's reported 497 employees, and received an average PPP loan of $552,058, 91% lower than this company's loan of $6.42M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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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.

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** This Document Provided By - The Civil Employee's Resource **