Bekaertdeslee USA Inc in Winston-salem, NC - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Bekaertdeslee USA Inc, Winston-salem, NC

Bekaertdeslee USA Inc

Entity: Corporation

Industry: Broadwoven Fabric Mills

Location: Winston-salem, NC

Bekaertdeslee USA Inc is a corporation located at 200 Business Park Drive in Winston-salem, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,919,995.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.92M

Jobs Retained:

235

Loan Approved:

2020-04-30

Lender:

BANK OF THE WEST

Bekaertdeslee USA Inc in Winston-salem, NC received a Paycheck Protection Loan of $2.92M through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bekaertdeslee USA Inc's total 2019 payroll expenses were approximately $14.02M in order to qualify for the PPP loan amount received.

Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $59,642 per employee¹.

Because the loan received by Bekaertdeslee USA 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 - Bekaertdeslee USA Inc in Winston-salem, NC

Bekaertdeslee USA Inc
200 Business Park Drive
Winston-salem, NC 27107

Business Industry

Broadwoven Fabric Mills (NAICS code 313210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-05

Industry PPP Comparison Statistics

Nationwide, 345 businesses in the "Broadwoven Fabric Mills" industry received a total of $102,198,215.00 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 23 employees, 90% lower than Bekaertdeslee USA Inc's reported 235 employees, and received an average PPP loan of $296,227, 90% lower than this company's loan of $2.92M.

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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