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PPP Loan Data — Jackson Paper Manufacturing Company, Sylva, NC

SBA PPP loan data, payroll data, and salaries for Jackson Paper Manufacturing Company
NC

Jackson Paper Manufacturing Company

Entity: Subchapter S Corporation

Industry: All Other Converted Paper Product Manufacturing

Location: Sylva, NC

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Jackson Paper Manufacturing Company is a subchapter s corporation located at 152 West Main St in Sylva, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,042,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.04M

Jobs Retained:

215

Loan Approved:

2020-04-13

Lender:

FIFTH THIRD BANK

Jackson Paper Manufacturing Company in Sylva, NC received a Paycheck Protection Loan of $3.04M through FIFTH THIRD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jackson Paper Manufacturing Company's total 2019 payroll expenses were approximately $14.6M in order to qualify for the PPP loan amount received.

Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $67,923 per employee1.

Because the loan received by Jackson Paper Manufacturing Company 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 - Jackson Paper Manufacturing Company in Sylva, NC

Jackson Paper Manufacturing Company
152 West Main St
Sylva, NC 28779

Business Industry

All Other Converted Paper Product Manufacturing (NAICS code 322299)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-11

Industry PPP Comparison Statistics

Nationwide, 386 businesses in the "All Other Converted Paper Product Manufacturing" industry received a total of $133,867,269.00 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 28 employees, 87% lower than Jackson Paper Manufacturing Company's reported 215 employees, and received an average PPP loan of $346,806, 89% lower than this company's loan of $3.04M.

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/jackson-paper-manufacturing-company-sylva-nc