PPP Loan Data — Allen Industries, Greensboro, NC
Allen Industries is a subchapter s corporation located at 6434 Burnt Poplar Rd in Greensboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,088,946.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Allen Industries in Greensboro, NC received a Paycheck Protection Loan of $4.09M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Allen Industries' total 2019 payroll expenses were approximately $19.63M in order to qualify for the PPP loan amount received.
Based on their reported 345 jobs retained, this equals an estimated average yearly compensation of $56,890 per employee1.
Business Information - Allen Industries in Greensboro, NC
6434 Burnt Poplar Rd
Greensboro, NC 27409
Sign Manufacturing (NAICS code 339950)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-13
Similar Companies near Greensboro
In the Greensboro area, 3 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 119 employees (compared to this company's 345) and received an average PPP loan of $1,397,415 (compared to this company's $4.09M).
Similar Nearby Businesses Who Received PPP Funding:
Bravo Media Group, LLC
Icon Graphics Inc
Industry PPP Comparison Statistics
Nationwide, 5,450 businesses in the "Sign Manufacturing" industry received a total of $643,191,913.00 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 10 employees, 97% lower than Allen Industries' reported 345 employees, and received an average PPP loan of $118,017, 97% lower than this company's loan of $4.09M.
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.
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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