PPP Loan Data — Packaging Specialties, Inc.,
Fayetteville, AR
Packaging Specialties, Inc.
Entity: Corporation
Industry: Plastics Packaging Film and Sheet (including Laminated) Manufacturing
Location: Fayetteville, AR

Packaging Specialties, Inc. is a corporation located at 1663 G Armstrong Ave in Fayetteville, Arkansas that received a Coronavirus-related PPP loan from the SBA of $4,381,722.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
352Loan Approved:
2020-04-27Lender:
SIGNATURE BANK OF ARKANSASPackaging Specialties, Inc. in Fayetteville, AR received a Paycheck Protection Loan of $4.38M through SIGNATURE BANK OF ARKANSAS, which was approved in April, 2020.
Based on standard PPP eligibility rules, Packaging Specialties, Inc.'s total 2019 payroll expenses were approximately $21.03M in order to qualify for the PPP loan amount received.
Based on their reported 352 jobs retained, this equals an estimated average yearly compensation of $59,751 per employee1.
Business Information - Packaging Specialties, Inc. in Fayetteville, AR
1663 G Armstrong Ave
Fayetteville, AR 72701
Business Industry
Plastics Packaging Film and Sheet (including Laminated) Manufacturing (NAICS code 326112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: AR-03Industry PPP Comparison Statistics
Nationwide, 329 businesses in the "Plastics Packaging Film and Sheet (including Laminated) Manufacturing" industry received a total of $134,787,201.00 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 33 employees, 91% lower than Packaging Specialties, Inc.'s reported 352 employees, and received an average PPP loan of $409,688, 91% lower than this company's loan of $4.38M.
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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