PPP Loan Data — Sabel Steel Service, Inc., Montgomery, AL
Sabel Steel Service, Inc.
Entity: Subchapter S Corporation
Location: Montgomery, ALTweet This • Search All PPP Data
Sabel Steel Service, Inc. is a subchapter s corporation located at 749 N. Court St in Montgomery, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,079,655.00 in April, 2020.
$ PPP Loan Information
Sabel Steel Service, Inc. received a Paycheck Protection Loan of $3.08M through BBVA USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sabel Steel Service, Inc.'s total 2019 payroll expenses were approximately $14.78M in order to qualify for the PPP loan amount received.
Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $62,904 per employee1.
Business Information - Sabel Steel Service, Inc. in Montgomery, AL
749 N. Court St
Montgomery, AL 36104
Metal Service Centers and Other Metal Merchant Wholesalers (NAICS code 423510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-02
Similar Companies near Montgomery
In the Montgomery area, 4 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 235) and received an average PPP loan of $821,864 (compared to this company's $3.08M).
Similar Nearby Businesses Who Received PPP Funding:
Phillips Metal Works LLC
Southern Steel & Pipe, Inc.
Division 5 Steel, Inc.
Industry PPP Comparison Statistics
Nationwide, 2,691 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a total of $697,432,843.00 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 18 employees, 92% lower than Sabel Steel Service, Inc.'s reported 235 employees, and received an average PPP loan of $259,172, 92% lower than this company's loan of $3.08M.
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Footnotes & Information
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