PPP Loan Data — Croft LLC, Mccomb, MS
Croft LLC is a limited liability company (LLC) located at 107 Oliver Emmerich Dr in Mccomb, Mississippi that received a Coronavirus-related PPP loan from the SBA of $1,611,510.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 272 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Trustmark National Bank
Croft LLC in Mccomb, MS received a Paycheck Protection Loan of $1.61M through Trustmark National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Croft LLC's 2019 payroll expenses are estimated to be at least $7.74M.
Based on their reported 272 jobs retained, this equals an estimated average yearly compensation of $28,438 per employee1
Reported PPP Proceed Usage:
On the PPP application, Croft LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,611,510
Business Information - Croft LLC in Mccomb, MS
107 Oliver Emmerich Dr
Mccomb, MS 39648
Metal Window and Door Manufacturing
NAICS code 332321
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,499 businesses in the "Metal Window and Door Manufacturing" industry received a total of $362.52M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 23 employees, 92% lower than Croft LLC's reported 272 employees, and received an average PPP loan of $241,838, 85% lower than this company's loan of $1.61M.
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Footnotes & Information
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