PPP Loan Data — Strack Incorporated, Fairburn, GA
Location: Fairburn, GATweet This • Search All PPP Data
Strack Incorporated is a corporation located at 125 Laser Industrial Ct in Fairburn, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,780,500.00 in April, 2020.
$ PPP Loan Information
Lender:CADENCE BANK, NATIONAL ASSOCIATION
Strack Incorporated in Fairburn, GA received a Paycheck Protection Loan of $3.78M through CADENCE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Strack Incorporated's total 2019 payroll expenses were approximately $18.15M in order to qualify for the PPP loan amount received.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $66,228 per employee1.
Business Information - Strack Incorporated in Fairburn, GA
125 Laser Industrial Ct
Fairburn, GA 30213
Oil and Gas Pipeline and Related Structures Construction (NAICS code 237120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: GA-13
Industry PPP Comparison Statistics
Nationwide, 1,513 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $689,155,003.00 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 26 employees, 91% lower than Strack Incorporated's reported 274 employees, and received an average PPP loan of $455,489, 88% lower than this company's loan of $3.78M.
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Footnotes & Information
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