PPP Loan Data — Hemma Concrete Inc, Marietta, GA
Hemma Concrete Inc
Location: Marietta, GATweet This • Search All PPP Data
Hemma Concrete Inc is a corporation located at 819 Pickens Industrial Drive, Suite 3 in Marietta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,725,600.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 175 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Hemma Concrete Inc received a Paycheck Protection Loan of $2.73M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hemma Concrete Inc's total 2019 payroll expenses were approximately $13.08M in order to qualify for the PPP loan amount received.
Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $74,759 per employee1.
Business Information - Hemma Concrete Inc in Marietta, GA
819 Pickens Industrial Drive, Suite 3
Marietta, GA 30062
Poured Concrete Foundation and Structure Contractors (NAICS code 238110)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: GA-06
Similar Companies near Marietta
In the Marietta area, 2 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 175) and received an average PPP loan of $1,411,256 (compared to this company's $2.73M).
Similar Nearby Businesses Who Received PPP Funding:
Concrete Works Of North Georgia, Inc.
Industry PPP Comparison Statistics
Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 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, 92% lower than Hemma Concrete Inc's reported 175 employees, and received an average PPP loan of $177,269, 93% lower than this company's loan of $2.73M.
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