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PPP Loan Data — Snyder Paper Corporation,
Hickory, NC
Snyder Paper Corporation
Entity: Corporation
Industry: Upholstered Household Furniture Manufacturing
Location: Hickory, NC
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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
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-30Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COSnyder 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
Business Industry
Upholstered Household Furniture Manufacturing (NAICS code 337121)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-10Similar 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
Hickory, NC
Overnight Sofa Corporation
Hickory, NC
Carrington Court, Inc.
Hickory, NC
Style Upholstery Inc.
Hickory, NC
COX Manufacturing Company Inc
Hickory, NC
Design Foundry LLC
Hickory, NC
C R Laine Furniture Company Inc
Hickory, NC
Designmaster Furniture, Inc.
Hickory, NC
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.
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.
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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