PPP Loan Data — Battle Lumber Co., Inc., Wadley, GA
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
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.
Business Information - Battle Lumber Co., Inc. in Wadley, GA
11261 Us-1 S
Wadley, GA 30477
Cut Stock, Resawing Lumber, and Planing (NAICS code 321912)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
NLB Lumber Company LLC
P&N Grading Lumber LLC
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.
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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