PPP Loan Data — Lodge Manufacturing Co, South Pittsburg, TN
Lodge Manufacturing Co is a corporation located at 204 East 5th Street in South Pittsburg, Tennessee that received a Coronavirus-related PPP loan from the SBA of $6,062,400.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
Lodge Manufacturing Co received a Paycheck Protection Loan of $6.06M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lodge Manufacturing Co's total 2019 payroll expenses were approximately $29.1M in order to qualify for the PPP loan amount received.
Based on their reported 438 jobs retained, this equals an estimated average yearly compensation of $66,437 per employee1.
Business Information - Lodge Manufacturing Co in South Pittsburg, TN
204 East 5th Street
South Pittsburg, TN 37380
Iron Foundries (NAICS code 331511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-04
Industry PPP Comparison Statistics
Nationwide, 188 businesses in the "Iron Foundries" industry received a total of $107,481,342.00 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 42 employees, 90% lower than Lodge Manufacturing Co's reported 438 employees, and received an average PPP loan of $571,709, 91% lower than this company's loan of $6.06M.
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Footnotes & Information
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