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PPP Loan Data — Manufacturing Resources Intern, Alpharetta, GA

SBA PPP loan data, payroll data, and salaries for Manufacturing Resources Intern
GA

Manufacturing Resources Intern

Entity: Subchapter S Corporation

Industry: Sign Manufacturing

Location: Alpharetta, GA

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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

Loan Size:

$2.72M

Jobs Retained:

172

Loan Approved:

2020-04-09

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.

Because the loan received by Manufacturing Resources Intern is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Manufacturing Resources Intern in Alpharetta, GA

Manufacturing Resources Intern
6415 Shiloh Rd E
Alpharetta, GA 30005

Business Industry

Sign Manufacturing (NAICS code 339950)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional 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).

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.

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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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Source: www.federalpay.org/paycheck-protection-program/manufacturing-resources-intern-alpharetta-ga