PPP Loan Data — Industrial Fabricators, Inc., Gastonia, NC
Industrial Fabricators, Inc. is a corporation located at 0 Po Box 12885 in Gastonia, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,635,125.00 in May, 2020.
The company has reported itself as a White owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:ALLIANCE BANK & TRUST COMPANY
Industrial Fabricators, Inc. received a Paycheck Protection Loan of $4.64M through ALLIANCE BANK & TRUST COMPANY, which was approved in May, 2020.
Based on standard PPP eligibility rules, Industrial Fabricators, Inc.'s total 2019 payroll expenses were approximately $22.25M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $44,497 per employee1.
Business Information - Industrial Fabricators, Inc. in Gastonia, NC
0 Po Box 12885
Gastonia, NC 28052
Motor Vehicle Metal Stamping (NAICS code 336370)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: NC-10
Industry PPP Comparison Statistics
Nationwide, 197 businesses in the "Motor Vehicle Metal Stamping" industry received a total of $211,847,677.00 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 76 employees, 85% lower than Industrial Fabricators, Inc.'s reported 500 employees, and received an average PPP loan of $1.08M, 77% lower than this company's loan of $4.64M.
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Footnotes & Information
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