PPP Loan Data — Lummus Corporation, Savannah, GA
Lummus Corporation is a corporation located at 225 Bourne Blvd in Savannah, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,123,100.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
Lummus Corporation received a Paycheck Protection Loan of $4.12M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lummus Corporation's total 2019 payroll expenses were approximately $19.79M in order to qualify for the PPP loan amount received.
Based on their reported 294 jobs retained, this equals an estimated average yearly compensation of $67,316 per employee1.
Business Information - Lummus Corporation in Savannah, GA
225 Bourne Blvd
Savannah, GA 31408
Other Industrial Machinery Manufacturing (NAICS code 333249)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-01
Industry PPP Comparison Statistics
Nationwide, 2,172 businesses in the "Other Industrial Machinery Manufacturing" industry received a total of $695,492,915.00 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 22 employees, 93% lower than Lummus Corporation's reported 294 employees, and received an average PPP loan of $320,209, 92% lower than this company's loan of $4.12M.
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Footnotes & Information
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