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PPP Loan Data — Battle Lumber Co., Inc., Wadley, GA

SBA PPP loan data, payroll data, and salaries for Battle Lumber Co., Inc.
GA

Battle Lumber Co., Inc.

Entity: Corporation

Industry: Cut Stock, Resawing Lumber, and Planing

Location: Wadley, GA

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Battle Lumber Co., Inc. is a corporation located at 11261 Us-1 S in Wadley, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,985,483.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.99M

Jobs Retained:

340

Loan Approved:

2020-04-09

Lender:

COLONY BANK

Battle Lumber Co., Inc. in Wadley, GA received a Paycheck Protection Loan of $3.99M through COLONY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Battle Lumber Co., Inc.'s total 2019 payroll expenses were approximately $19.13M in order to qualify for the PPP loan amount received.

Based on their reported 340 jobs retained, this equals an estimated average yearly compensation of $56,266 per employee1.

Because the loan received by Battle Lumber Co., 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 - Battle Lumber Co., Inc. in Wadley, GA

Battle Lumber Co., Inc.
11261 Us-1 S
Wadley, GA 30477

Business Industry

Cut Stock, Resawing Lumber, and Planing (NAICS code 321912)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-10

Similar Companies near Wadley

In the Wadley area, 3 businesses in the "Cut Stock, Resawing Lumber, and Planing" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 340) and received an average PPP loan of $1,391,294 (compared to this company's $3.99M).

Industry PPP Comparison Statistics

Nationwide, 411 businesses in the "Cut Stock, Resawing Lumber, and Planing" industry received a total of $73,842,696.00 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 17 employees, 95% lower than Battle Lumber Co., Inc.'s reported 340 employees, and received an average PPP loan of $179,666, 95% lower than this company's loan of $3.99M.

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.

Search FederalPay's Full PPP Loan Database

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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/battle-lumber-co-inc-wadley-ga