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PPP Loan Data — Scotch Plywood Company, Inc., Fulton, AL

SBA PPP loan data, payroll data, and salaries for Scotch Plywood Company, Inc.

Scotch Plywood Company, Inc.

Entity: Subchapter S Corporation

Industry: Softwood Veneer and Plywood Manufacturing

Location: Fulton, AL

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Scotch Plywood Company, 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 - Scotch Plywood Company, Inc. in Fulton, AL

Scotch Plywood Company, Inc.
38 Po Box
Fulton, AL 36446

Business Industry

Softwood Veneer and Plywood Manufacturing (NAICS code 321212)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

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 - The Civil Employee's Resource **