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PPP Loan Data — Owen Steel Company, Inc., Columbia, SC

SBA PPP loan data, payroll data, and salaries for Owen Steel Company, Inc.
SC

Owen Steel Company, Inc.

Entity: Corporation

Industry: Iron and Steel Mills and Ferroalloy Manufacturing

Location: Columbia, SC

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Owen Steel Company, Inc. is a corporation located at 727 Mauney Dr in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $4,268,792.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.27M

Jobs Retained:

324

Loan Approved:

2020-04-07

Lender:

SYNOVUS BANK

Owen Steel Company, Inc. in Columbia, SC received a Paycheck Protection Loan of $4.27M through SYNOVUS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Owen Steel Company, Inc.'s total 2019 payroll expenses were approximately $20.49M in order to qualify for the PPP loan amount received.

Based on their reported 324 jobs retained, this equals an estimated average yearly compensation of $63,241 per employee1.

Because the loan received by Owen Steel Company, 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 - Owen Steel Company, Inc. in Columbia, SC

Owen Steel Company, Inc.
727 Mauney Dr
Columbia, SC 29201

Business Industry

Iron and Steel Mills and Ferroalloy Manufacturing (NAICS code 331110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-06

Industry PPP Comparison Statistics

Nationwide, 712 businesses in the "Iron and Steel Mills and Ferroalloy Manufacturing" industry received a total of $239,381,219.00 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 23 employees, 93% lower than Owen Steel Company, Inc.'s reported 324 employees, and received an average PPP loan of $336,210, 92% lower than this company's loan of $4.27M.

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.

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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/owen-steel-company-inc-columbia-sc