PPP Loan Data — Snyder Paper Corporation, Hickory, NC
Snyder Paper Corporation is a corporation located at 250 26st Drive Se in Hickory, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,660,067.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Snyder Paper Corporation in Hickory, NC received a Paycheck Protection Loan of $3.66M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Snyder Paper Corporation's total 2019 payroll expenses were approximately $17.57M in order to qualify for the PPP loan amount received.
Unlike most businesses, Snyder Paper Corporation's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Snyder Paper Corporation in Hickory, NC
250 26st Drive Se
Hickory, NC 28602
Upholstered Household Furniture Manufacturing (NAICS code 337121)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-10
Similar Companies near Hickory
In the Hickory area, 14 businesses in the "Upholstered Household Furniture Manufacturing" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 0) and received an average PPP loan of $1,433,611 (compared to this company's $3.66M).
Similar Nearby Businesses Who Received PPP Funding:
Our House Designs LLC
Overnight Sofa Corporation
Carrington Court, Inc.
Style Upholstery Inc.
COX Manufacturing Company Inc
Design Foundry LLC
C R Laine Furniture Company Inc
Designmaster Furniture, Inc.
Industry PPP Comparison Statistics
Nationwide, 827 businesses in the "Upholstered Household Furniture Manufacturing" industry received a total of $218,176,953.00 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, and received an average PPP loan of $263,817, 93% lower than this company's loan of $3.66M.
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Footnotes & Information
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