PPP Loan Data — Manufacturing Resources Intern, Alpharetta, GA
Manufacturing Resources Intern is a subchapter s corporation located at 6415 Shiloh Rd E in Alpharetta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,722,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 172 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Manufacturing Resources Intern received a Paycheck Protection Loan of $2.72M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Manufacturing Resources Intern's total 2019 payroll expenses were approximately $13.07M in order to qualify for the PPP loan amount received.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $75,982 per employee1.
Business Information - Manufacturing Resources Intern in Alpharetta, GA
6415 Shiloh Rd E
Alpharetta, GA 30005
Sign Manufacturing (NAICS code 339950)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: GA-07
Similar Companies near Alpharetta
In the Alpharetta area, 7 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 172) and received an average PPP loan of $498,145 (compared to this company's $2.72M).
Similar Nearby Businesses Who Received PPP Funding:
Bone Safety Signs LLC
CIB International Inc
Rollmo LLC DBA Signsby Tomorrow Image360
Alpharetta Sign Company
Sunbelt Displays, Inc.
Wolfe Design Co./ Atlanta, Inc.
Industry PPP Comparison Statistics
Nationwide, 5,450 businesses in the "Sign Manufacturing" industry received a total of $643,191,913.00 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 10 employees, 94% lower than Manufacturing Resources Intern's reported 172 employees, and received an average PPP loan of $118,017, 96% lower than this company's loan of $2.72M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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