Packaging Specialties, Inc. in Fayetteville, AR - SBA PPP Loan Data (Paycheck Protection Program)

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:

$4.38M

Jobs Retained:

352

Loan Approved:

2020-04-27

Lender:

SIGNATURE BANK OF ARKANSAS

Packaging 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.

Because the loan received by Packaging Specialties, 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 - Packaging Specialties, Inc. in Fayetteville, AR

Packaging Specialties, Inc.
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-03

Industry 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.

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.

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