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PPP Loan Data — CC Metals And Alloys, LLC, Calvert City, KY

SBA PPP loan data, payroll data, and salaries for CC Metals And Alloys, LLC
KY

CC Metals And Alloys, LLC

Entity: Limited Liability Company (LLC)

Industry: Iron and Steel Mills and Ferroalloy Manufacturing

Location: Calvert City, KY

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CC Metals And Alloys, LLC is a limited liability company (LLC) located at 1542 North Main St in Calvert City, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,798,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.8M

Jobs Retained:

145

Loan Approved:

2020-04-14

Lender:

FIRST SAVINGS BANK

CC Metals And Alloys, LLC received a Paycheck Protection Loan of $2.8M through FIRST SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, CC Metals And Alloys, LLC's total 2019 payroll expenses were approximately $13.43M in order to qualify for the PPP loan amount received.

Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $92,623 per employee1.

Because the loan received by CC Metals And Alloys, LLC 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 - CC Metals And Alloys, LLC in Calvert City, KY

CC Metals And Alloys, LLC
1542 North Main St
Calvert City, KY 42029

Business Industry

Iron and Steel Mills and Ferroalloy Manufacturing (NAICS code 331110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KY-01

Industry PPP Comparison Statistics

Nationwide, 712 businesses in the "Iron and Steel Mills and Ferroalloy Manufacturing" industry received a total of $239,381,219.00 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, 84% lower than CC Metals And Alloys, LLC's reported 145 employees, and received an average PPP loan of $336,210, 88% lower than this company's loan of $2.8M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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/cc-metals-and-alloys-llc-calvert-city-ky