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PPP Loan Data — Scepter, Inc., Waverly, TN

SBA PPP loan data, payroll data, and salaries for Scepter, Inc.
TN

Scepter, Inc.

Entity: Subchapter S Corporation

Industry: Secondary Smelting and Alloying of Aluminum

Location: Waverly, TN

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Scepter, Inc. is a subchapter s corporation located at 1485 Scepter Ln in Waverly, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,397,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.4M

Jobs Retained:

291

Loan Approved:

2020-04-13

Lender:

REGIONS BANK

Scepter, Inc. in Waverly, TN received a Paycheck Protection Loan of $3.4M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Scepter, Inc.'s total 2019 payroll expenses were approximately $16.31M in order to qualify for the PPP loan amount received.

Based on their reported 291 jobs retained, this equals an estimated average yearly compensation of $56,040 per employee1.

Because the loan received by Scepter, 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 - Scepter, Inc. in Waverly, TN

Scepter, Inc.
1485 Scepter Ln
Waverly, TN 37185

Business Industry

Secondary Smelting and Alloying of Aluminum (NAICS code 331314)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-07

Industry PPP Comparison Statistics

Nationwide, 46 businesses in the "Secondary Smelting and Alloying of Aluminum" industry received a total of $38,193,131.00 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 62 employees, 79% lower than Scepter, Inc.'s reported 291 employees, and received an average PPP loan of $830,285, 76% lower than this company's loan of $3.4M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/scepter-inc-waverly-tn