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PPP Loan Data — Fred Taylor Company, Inc., Albany, GA

SBA PPP loan data, payroll data, and salaries for Fred Taylor Company, Inc.
GA

Fred Taylor Company, Inc.

Entity: Subchapter S Corporation

Industry: Offices of Other Holding Companies

Location: Albany, GA

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Fred Taylor Company, Inc. is a subchapter s corporation located at 2700 Palmyra Rd in Albany, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,568,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.57M

Jobs Retained:

285

Loan Approved:

2020-04-08

Lender:

CIBC BANK USA

Fred Taylor Company, Inc. in Albany, GA received a Paycheck Protection Loan of $3.57M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Fred Taylor Company, Inc.'s total 2019 payroll expenses were approximately $17.13M in order to qualify for the PPP loan amount received.

Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $60,099 per employee1.

Because the loan received by Fred Taylor Company, 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 - Fred Taylor Company, Inc. in Albany, GA

Fred Taylor Company, Inc.
2700 Palmyra Rd
Albany, GA 31707

Business Industry

Offices of Other Holding Companies (NAICS code 551112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-02

Similar Companies near Albany

In the Albany area, 3 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 285) and received an average PPP loan of $1,198,042 (compared to this company's $3.57M).

Industry PPP Comparison Statistics

Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 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 14 employees, 95% lower than Fred Taylor Company, Inc.'s reported 285 employees, and received an average PPP loan of $160,790, 95% lower than this company's loan of $3.57M.

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.

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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/fred-taylor-company-inc-albany-ga