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PPP Loan Data — H.A. Sack Co., Inc., Statesboro, GA

SBA PPP loan data, payroll data, and salaries for H.A. Sack Co., Inc.
GA

H.A. Sack Co., Inc.

Entity: Corporation

Industry: Structural Steel and Precast Concrete Contractors

Location: Statesboro, GA

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H.A. Sack Co., Inc. is a corporation located at 3302 Zell Miller Pkwy in Statesboro, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,720,295.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.72M

Jobs Retained:

257

Loan Approved:

2020-04-08

Lender:

SYNOVUS BANK

H.A. Sack Co., Inc. in Statesboro, GA received a Paycheck Protection Loan of $3.72M through SYNOVUS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, H.A. Sack Co., Inc.'s total 2019 payroll expenses were approximately $17.86M in order to qualify for the PPP loan amount received.

Based on their reported 257 jobs retained, this equals an estimated average yearly compensation of $69,484 per employee1.

Because the loan received by H.A. Sack Co., 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 - H.A. Sack Co., Inc. in Statesboro, GA

H.A. Sack Co., Inc.
3302 Zell Miller Pkwy
Statesboro, GA 30458

Business Industry

Structural Steel and Precast Concrete Contractors (NAICS code 238120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-12

Similar Companies near Statesboro

In the Statesboro area, 2 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 257) and received an average PPP loan of $1,918,881 (compared to this company's $3.72M).

Similar Nearby Businesses Who Received PPP Funding:

Clark Iron Works, Inc.
Statesboro, GA

$117,467 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,045 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a total of $681,119,594.00 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 22 employees, 91% lower than H.A. Sack Co., Inc.'s reported 257 employees, and received an average PPP loan of $333,066, 91% lower than this company's loan of $3.72M.

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.

Search FederalPay's Full PPP Loan Database

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/ha-sack-co-inc-statesboro-ga