PPP Loan Data — Samsons Manufacturing Company, Inc, Waynesboro, GA
Samsons Manufacturing Company, Inc is a corporation located at 1201 Gary Way in Waynesboro, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,689,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First-Citizens Bank & Trust Company
Samsons Manufacturing Company, Inc in Waynesboro, GA received a Paycheck Protection Loan of $1.69M through First-Citizens Bank & Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Samsons Manufacturing Company, Inc's 2019 payroll expenses are estimated to be at least $8.11M.
Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $46,343 per employee1
Reported PPP Proceed Usage:
On the PPP application, Samsons Manufacturing Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,689,600
Business Information - Samsons Manufacturing Company, Inc in Waynesboro, GA
1201 Gary Way
Waynesboro, GA 30830
Curtain and Linen Mills
NAICS code 314120
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 642 businesses in the "Curtain and Linen Mills" industry received a total of $87.29M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 16 employees, 91% lower than Samsons Manufacturing Company, Inc's reported 175 employees, and received an average PPP loan of $135,965, 92% lower than this company's loan of $1.69M.
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Footnotes & Information
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