PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Oriental Weavers USA, Inc, Dalton, GA

SBA PPP loan data, payroll data, and salaries for Oriental Weavers USA, Inc
GA

Oriental Weavers USA, Inc

Entity: Corporation

Industry: Carpet and Rug Mills

Location: Dalton, GA

Search All PPP Data

Oriental Weavers USA, Inc is a corporation located at 3295 Dug Gap Rd in Dalton, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,600,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.6M

Jobs Retained:

404

Loan Approved:

2020-04-28

Lender:

REGIONS BANK

Oriental Weavers USA, Inc received a Paycheck Protection Loan of $4.6M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Oriental Weavers USA, Inc's total 2019 payroll expenses were approximately $22.08M in order to qualify for the PPP loan amount received.

Based on their reported 404 jobs retained, this equals an estimated average yearly compensation of $54,653 per employee1.

Because the loan received by Oriental Weavers USA, 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 - Oriental Weavers USA, Inc in Dalton, GA

Oriental Weavers USA, Inc
3295 Dug Gap Rd
Dalton, GA 30720

Business Industry

Carpet and Rug Mills (NAICS code 314110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-14

Similar Companies near Dalton

In the Dalton area, 49 businesses in the "Carpet and Rug Mills" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 404) and received an average PPP loan of $641,648 (compared to this company's $4.6M).

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, 94% lower than Oriental Weavers USA, Inc's reported 404 employees, and received an average PPP loan of $296,872, 94% lower than this company's loan of $4.6M.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/oriental-weavers-usa-inc-dalton-ga