PPP Loan Data — Southern Aluminum Finishing Company Inc, Atlanta, GA
Southern Aluminum Finishing Company Inc is a corporation located at 1581 Huber St Nw in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,593,130.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Southern Aluminum Finishing Company Inc in Atlanta, GA received a Paycheck Protection Loan of $2.59M through Bank of America, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Southern Aluminum Finishing Company Inc's 2019 payroll expenses are estimated to be at least $12.45M.
Based on their reported 226 jobs retained, this equals an estimated average yearly compensation of $55,075 per employee1
Reported PPP Proceed Usage:
On the PPP application, Southern Aluminum Finishing Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,593,130
Business Information - Southern Aluminum Finishing Company Inc in Atlanta, GA
1581 Huber St Nw
Atlanta, GA 30318
Rolled Steel Shape Manufacturing
NAICS code 331221
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 553 businesses in the "Rolled Steel Shape Manufacturing" industry received a total of $226.19M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 32 employees, 86% lower than Southern Aluminum Finishing Company Inc's reported 226 employees, and received an average PPP loan of $409,015, 84% lower than this company's loan of $2.59M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!