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PPP Loan Data — Jordan Lumber & Supply, Inc.,
Mount Gilead, NC
Jordan Lumber & Supply, Inc.
Entity: Corporation
Industry: Sawmills
Location: Mount Gilead, NC
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Jordan Lumber & Supply, Inc. is a corporation located at 1939 Nc Highway 109 in Mount Gilead, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,499,021.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 358 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
358Loan Approved:
2020-04-27Lender:
CAROLINA FARM CREDIT, ACAJordan Lumber & Supply, Inc. in Mount Gilead, NC received a Paycheck Protection Loan of $4.5M through CAROLINA FARM CREDIT, ACA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jordan Lumber & Supply, Inc.'s total 2019 payroll expenses were approximately $21.6M in order to qualify for the PPP loan amount received.
Based on their reported 358 jobs retained, this equals an estimated average yearly compensation of $60,322 per employee1.
Business Information - Jordan Lumber & Supply, Inc. in Mount Gilead, NC
1939 Nc Highway 109
Mount Gilead, NC 27306
Business Industry
Sawmills (NAICS code 321113)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: NC-08Similar Companies near Mount Gilead
In the Mount Gilead area, 4 businesses in the "Sawmills" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 358) and received an average PPP loan of $1,186,506 (compared to this company's $4.5M).
Similar Nearby Businesses Who Received PPP Funding:
Jordan Timberlands, Inc.
Mount Gilead, NC
Anson Wood Products Inc
Mount Gilead, NC
Cotton Creek Chip Co
Mount Gilead, NC
Industry PPP Comparison Statistics
Nationwide, 1,288 businesses in the "Sawmills" industry received a total of $298,695,388.00 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 21 employees, 94% lower than Jordan Lumber & Supply, Inc.'s reported 358 employees, and received an average PPP loan of $231,906, 95% lower than this company's loan of $4.5M.
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.
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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