PPP Loan Data — American Forest Management, Inc., Charlotte, NC
American Forest Management, Inc. is a subchapter s corporation located at 8702 Red Oak Blvd in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,489,200.00 in April, 2020.
$ PPP Loan Information
Lender:ENTERPRISE BANK OF SOUTH CAROLINA
American Forest Management, Inc. in Charlotte, NC received a Paycheck Protection Loan of $4.49M through ENTERPRISE BANK OF SOUTH CAROLINA, which was approved in April, 2020.
Based on standard PPP eligibility rules, American Forest Management, Inc.'s total 2019 payroll expenses were approximately $21.55M in order to qualify for the PPP loan amount received.
Based on their reported 227 jobs retained, this equals an estimated average yearly compensation of $94,926 per employee1.
Business Information - American Forest Management, Inc. in Charlotte, NC
8702 Red Oak Blvd
Charlotte, NC 28217
Support Activities for Forestry (NAICS code 115310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-12
Industry PPP Comparison Statistics
Nationwide, 1,637 businesses in the "Support Activities for Forestry" industry received a total of $164,468,528.00 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 9 employees, 96% lower than American Forest Management, Inc.'s reported 227 employees, and received an average PPP loan of $100,469, 98% lower than this company's loan of $4.49M.
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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