PPP Loan Data — Scotch Plywood Company, Inc., Fulton, AL
Scotch Plywood Company, Inc. is a subchapter s corporation located at 38 Po Box in Fulton, Alabama that received a Coronavirus-related PPP loan from the SBA of $5,753,200.00 in April, 2020.
$ PPP Loan Information
Lender:HANCOCK WHITNEY BANK
Scotch Plywood Company, Inc. in Fulton, AL received a Paycheck Protection Loan of $5.75M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Scotch Plywood Company, Inc.'s total 2019 payroll expenses were approximately $27.62M in order to qualify for the PPP loan amount received.
Based on their reported 426 jobs retained, this equals an estimated average yearly compensation of $64,825 per employee1.
Business Information - Scotch Plywood Company, Inc. in Fulton, AL
38 Po Box
Fulton, AL 36446
Softwood Veneer and Plywood Manufacturing (NAICS code 321212)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-07
Industry PPP Comparison Statistics
Nationwide, 44 businesses in the "Softwood Veneer and Plywood Manufacturing" industry received a total of $40,336,054.00 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 56 employees, 87% lower than Scotch Plywood Company, Inc.'s reported 426 employees, and received an average PPP loan of $916,729, 84% lower than this company's loan of $5.75M.
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Footnotes & Information
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