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PPP Loan Data — Southern Concrete Asheville, NC
Southern Concrete
Entity:
Corporation
Industry:
Other Concrete Product Manufacturing
Location:
Asheville, NC
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Entity: Corporation
Industry: Other Concrete Product Manufacturing
Location: Asheville, NC
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•
Search All PPP Data
Southern Concrete
$
PPP Loan Information
Loan #2687567101
Loan Size:
Jobs Retained:
391Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
First-Citizens Bank & Trust Company
Southern Concrete
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read More
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 Concrete
Based on their reported 391 jobs retained, this equals an estimated average yearly compensation of $58,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, Southern Concrete
Business Industry: Race: Unreported Ethnicity: Unreported Gender: Unreported Veteran Status: Unreported
Business Age:
New Business or 2 years or less
LMI Zone:
Y
HUBZone:
Y
Rural / Urban:
Urban
Nationwide, 1,575 businesses in the "Other Concrete Product Manufacturing" industry received a total of $367.12M 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 22 employees,
94% lower than Southern Concrete
Business Information - Southern Concrete
35 Meadow Rd
Asheville, NC 28803
Other Concrete Product Manufacturing
NAICS code 327390
Business Owner Demographics
Business Demographics
Industry PPP Comparison Statistics
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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