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PPP Loan Data — Six C Fabrication,
Winnfield, LA
Six C Fabrication
Entity: Corporation
Industry: Oil and Gas Field Machinery and Equipment Manufacturing
Location: Winnfield, LA
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Six C Fabrication is a corporation located at 349 Thomas Mill Rd in Winnfield, Louisiana that received a Coronavirus-related PPP loan from the SBA of $4,369,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
222Loan Approved:
2020-04-14Lender:
HANCOCK WHITNEY BANKSix C Fabrication received a Paycheck Protection Loan of $4.37M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Six C Fabrication's total 2019 payroll expenses were approximately $20.97M 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 $94,474 per employee1.
Business Information - Six C Fabrication in Winnfield, LA
349 Thomas Mill Rd
Winnfield, LA 71483
Business Industry
Oil and Gas Field Machinery and Equipment Manufacturing (NAICS code 333132)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: LA-05Industry PPP Comparison Statistics
Nationwide, 893 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a total of $361,454,588.00 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 25 employees, 89% lower than Six C Fabrication's reported 222 employees, and received an average PPP loan of $404,764, 91% lower than this company's loan of $4.37M.
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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