PPP Loan Data — Lane & Associates, Inc., Angier, NC
Lane & Associates, Inc. is a corporation located at 15 Rawls Rd in Angier, North Carolina that received a Coronavirus-related PPP loan from the SBA of $5,140,358.00 in April, 2020.
$ PPP Loan Information
Lane & Associates, Inc. in Angier, NC received a Paycheck Protection Loan of $5.14M through BBVA USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lane & Associates, Inc.'s total 2019 payroll expenses were approximately $24.67M in order to qualify for the PPP loan amount received.
Based on their reported 455 jobs retained, this equals an estimated average yearly compensation of $54,228 per employee1.
Business Information - Lane & Associates, Inc. in Angier, NC
15 Rawls Rd
Angier, NC 27501
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-02
Industry PPP Comparison Statistics
Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 92% lower than Lane & Associates, Inc.'s reported 455 employees, and received an average PPP loan of $363,100, 93% lower than this company's loan of $5.14M.
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Footnotes & Information
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