PPP Loan Data — Nipcam Services Of North Carolina, LLC, Troy, AL
Nipcam Services Of North Carolina, LLC is a limited liability company (LLC) located at 553 County Road 2303 in Troy, Alabama that received a Coronavirus-related PPP loan from the SBA of $1,784,370.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South State Bank, National Association
Nipcam Services Of North Carolina, LLC in Troy, AL received a Paycheck Protection Loan of $1.78M through South State Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Nipcam Services Of North Carolina, LLC's 2019 payroll expenses are estimated to be at least $8.56M.
Based on their reported 317 jobs retained, this equals an estimated average yearly compensation of $27,019 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nipcam Services Of North Carolina, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,784,370
Business Information - Nipcam Services Of North Carolina, LLC in Troy, AL
553 County Road 2303
Troy, AL 36079
Other Poultry Production
NAICS code 112390
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Troy
In the Troy area, 6 businesses in the "Other Poultry Production" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 317) and received an average PPP loan of $335,046 (compared to this company's $1.78M).
Similar Nearby Businesses Who Received PPP Funding:
Nipcam Services Of South Carolina, LLC
William Jeffrey Boutwell
Industry PPP Comparison Statistics
Nationwide, 2,970 businesses in the "Other Poultry Production" industry received a total of $96.69M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 3 employees, 99% lower than Nipcam Services Of North Carolina, LLC's reported 317 employees, and received an average PPP loan of $32,557, 98% lower than this company's loan of $1.78M.
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Footnotes & Information
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