FederalPay.org
PPP Loan Data — Edwards Interiors Inc,
Rincon, GA
Edwards Interiors Inc
Entity: Corporation
Industry: Other Aircraft Parts and Auxiliary Equipment Manufacturing
Location: Rincon, GA
Tweet This
•
Search All PPP Data
Edwards Interiors Inc is a corporation located at 125 Entrepreneur Way in Rincon, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
The company has reported itself as a White male veteran owned business, and employed at least 286 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9184578601
Loan Size:
Jobs Retained:
286Loan Approved:
2021-03-25Loan Status:
Active Un-DisbursedLender:
Bank of America, National AssociationEdwards Interiors Inc in Rincon, GA received a Paycheck Protection Loan of $2M through Bank of America, National Association, which was approved in March, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $2M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Edwards Interiors Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 286 jobs retained, this equals an estimated average yearly compensation of $33,566 per employee1
Reported PPP Proceed Usage:
On the PPP application, Edwards Interiors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Edwards Interiors Inc in Rincon, GA
125 Entrepreneur Way
Rincon, GA 31326
Business Industry:
Other Aircraft Parts and Auxiliary Equipment Manufacturing
NAICS code 336413
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,400 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a total of $633.34M 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 35 employees, 88% lower than Edwards Interiors Inc's reported 286 employees, and received an average PPP loan of $452,386, 77% lower than this company's loan of $2M.
Edwards Interiors Inc
Entity: Corporation
Industry: Other Aircraft Parts and Auxiliary Equipment Manufacturing
Location: Rincon, GA
Tweet This
•
Search All PPP Data
Edwards Interiors Inc is a corporation located at 125 Entrepreneur Way in Rincon, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,052,124.00 in May, 2020.
The company has reported itself as a White male veteran owned business, and employed at least 316 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6003277705
Loan Size:
Jobs Retained:
316Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationEdwards Interiors Inc in Rincon, GA received a Paycheck Protection Loan of $3.05M through Bank of America, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Edwards Interiors Inc's 2019 payroll expenses are estimated to be at least $14.65M.
Based on their reported 316 jobs retained, this equals an estimated average yearly compensation of $46,361 per employee1
Reported PPP Proceed Usage:
On the PPP application, Edwards Interiors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,052,124
Business Information - Edwards Interiors Inc in Rincon, GA
125 Entrepreneur Way
Rincon, GA 31326
Business Industry:
Other Aircraft Parts and Auxiliary Equipment Manufacturing
NAICS code 336413
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,400 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a total of $633.34M 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 35 employees, 89% lower than Edwards Interiors Inc's reported 316 employees, and received an average PPP loan of $452,386, 85% lower than this company's loan of $3.05M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!