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PPP Loan Data — Sigma Supply Of North America Inc., Hot Springs National Park, AR

SBA PPP loan data, payroll data, and salaries for Sigma Supply Of North America Inc.
AR

Sigma Supply Of North America Inc.

Entity: Corporation

Industry: Packaging and Labeling Services

Location: Hot Springs National Park, AR

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Sigma Supply Of North America Inc. is a corporation located at 824 Mid America Blvd in Hot Springs National Park, Arkansas that received a Coronavirus-related PPP loan from the SBA of $2,454,900.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 222 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.45M

Jobs Retained:

222

Loan Approved:

2020-04-04

Lender:

ARVEST BANK

Sigma Supply Of North America Inc. in Hot Springs National Park, AR received a Paycheck Protection Loan of $2.45M through ARVEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sigma Supply Of North America Inc.'s total 2019 payroll expenses were approximately $11.78M in order to qualify for the PPP loan amount received.

Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $53,079 per employee1.

Because the loan received by Sigma Supply Of North America 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 - Sigma Supply Of North America Inc. in Hot Springs National Park, AR

Sigma Supply Of North America Inc.
824 Mid America Blvd
Hot Springs National Park, AR 71913

Business Industry

Packaging and Labeling Services (NAICS code 561910)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: AR-04

Industry PPP Comparison Statistics

Nationwide, 1,495 businesses in the "Packaging and Labeling Services" industry received a total of $305,001,450.00 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 19 employees, 91% lower than Sigma Supply Of North America Inc.'s reported 222 employees, and received an average PPP loan of $204,014, 92% lower than this company's loan of $2.45M.

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/sigma-supply-of-north-america-inc-hot-springs-national-park-ar