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PPP Loan Data — SBM Life Science Corp,
Cary, NC
SBM Life Science Corp
Entity: Corporation
Industry: Nursery, Garden Center, and Farm Supply Stores
Location: Cary, NC
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SBM Life Science Corp is a corporation located at 1001 Winstead Dr in Cary, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,687,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
210Loan Approved:
2020-04-28Lender:
PNC BANK, NATIONAL ASSOCIATIONSBM Life Science Corp received a Paycheck Protection Loan of $2.69M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, SBM Life Science Corp's total 2019 payroll expenses were approximately $12.9M in order to qualify for the PPP loan amount received.
Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $61,431 per employee1.
Business Information - SBM Life Science Corp in Cary, NC
1001 Winstead Dr
Cary, NC 27513
Business Industry
Nursery, Garden Center, and Farm Supply Stores (NAICS code 444220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-04Similar Companies near Cary
In the Cary area, 3 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 210) and received an average PPP loan of $995,674 (compared to this company's $2.69M).
Similar Nearby Businesses Who Received PPP Funding:
Renz Landscapes LLC
Cary, NC
Quixote International Inc
Cary, NC
Industry PPP Comparison Statistics
Nationwide, 5,426 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a total of $604,698,392.00 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 14 employees, 93% lower than SBM Life Science Corp's reported 210 employees, and received an average PPP loan of $111,445, 96% lower than this company's loan of $2.69M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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