PPP Loan Data — Morgan Concrete Company, Toccoa, GA
Morgan Concrete Company is a corporation located at 1216 Falls Road in Toccoa, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,897,970.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
Morgan Concrete Company received a Paycheck Protection Loan of $2.9M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Morgan Concrete Company's total 2019 payroll expenses were approximately $13.91M in order to qualify for the PPP loan amount received.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $71,702 per employee1.
Business Information - Morgan Concrete Company in Toccoa, GA
1216 Falls Road
Toccoa, GA 30577
Ready-Mix Concrete Manufacturing (NAICS code 327320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-09
Industry PPP Comparison Statistics
Nationwide, 1,205 businesses in the "Ready-Mix Concrete Manufacturing" industry received a total of $443,693,471.00 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 26 employees, 87% lower than Morgan Concrete Company's reported 194 employees, and received an average PPP loan of $368,210, 87% lower than this company's loan of $2.9M.
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Footnotes & Information
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