PPP Loan Data — Forms & Supply Inc., Charlotte, NC
Forms & Supply Inc. is a subchapter s corporation located at 6410 Orr Rd in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,867,100.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Forms & Supply Inc. received a Paycheck Protection Loan of $2.87M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Forms & Supply Inc.'s total 2019 payroll expenses were approximately $13.76M in order to qualify for the PPP loan amount received.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $50,227 per employee1.
Business Information - Forms & Supply Inc. in Charlotte, NC
6410 Orr Rd
Charlotte, NC 28213
Office Supplies and Stationery Stores (NAICS code 453210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-12
Industry PPP Comparison Statistics
Nationwide, 2,286 businesses in the "Office Supplies and Stationery Stores" industry received a total of $199,590,336.00 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 9 employees, 97% lower than Forms & Supply Inc.'s reported 274 employees, and received an average PPP loan of $87,310, 97% lower than this company's loan of $2.87M.
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Footnotes & Information
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