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PPP Loan Data — Mountville Mills Inc., Lagrange, GA

SBA PPP loan data, payroll data, and salaries for Mountville Mills Inc.
GA

Mountville Mills Inc.

Entity: Corporation

Industry: Carpet and Rug Mills

Location: Lagrange, GA

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Mountville Mills Inc. is a corporation located at 1729 South Davis Road in Lagrange, Georgia that received a Coronavirus-related PPP loan from the SBA of $7,141,300.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$7.14M

Jobs Retained:

500

Loan Approved:

2020-04-14

Lender:

GREATER NEVADA CU

Mountville Mills Inc. in Lagrange, GA received a Paycheck Protection Loan of $7.14M through GREATER NEVADA CU, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mountville Mills Inc.'s total 2019 payroll expenses were approximately $34.28M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $68,556 per employee1.

Because the loan received by Mountville Mills Inc. 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 - Mountville Mills Inc. in Lagrange, GA

Mountville Mills Inc.
1729 South Davis Road
Lagrange, GA 30240

Business Industry

Carpet and Rug Mills (NAICS code 314110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: GA-03

Industry PPP Comparison Statistics

Nationwide, 389 businesses in the "Carpet and Rug Mills" industry received a total of $115,483,385.00 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 25 employees, 95% lower than Mountville Mills Inc.'s reported 500 employees, and received an average PPP loan of $296,872, 96% lower than this company's loan of $7.14M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mountville-mills-inc-lagrange-ga