PPP Loan Data — Norton Lilly International Inc, Mobile, AL
Norton Lilly International Inc is a corporation located at 1 Saint Louis Centre in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of $6,708,000.00 in April, 2020.
$ PPP Loan Information
Lender:HANCOCK WHITNEY BANK
Norton Lilly International Inc in Mobile, AL received a Paycheck Protection Loan of $6.71M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Norton Lilly International Inc's total 2019 payroll expenses were approximately $32.2M in order to qualify for the PPP loan amount received.
Based on their reported 413 jobs retained, this equals an estimated average yearly compensation of $77,962 per employee1.
Business Information - Norton Lilly International Inc in Mobile, AL
1 Saint Louis Centre
Mobile, AL 36602
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-01
Similar Companies near Mobile
In the Mobile area, 3 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 214 employees (compared to this company's 413) and received an average PPP loan of $2,501,067 (compared to this company's $6.71M).
Similar Nearby Businesses Who Received PPP Funding:
Page & Jones, Inc.
American Shipping & Chartering Inc
Industry PPP Comparison Statistics
Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 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, 98% lower than Norton Lilly International Inc's reported 413 employees, and received an average PPP loan of $119,776, 98% lower than this company's loan of $6.71M.
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.
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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