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PPP Loan Data — The Concrete Company, Columbus, GA

SBA PPP loan data, payroll data, and salaries for The Concrete Company
GA

The Concrete Company

Entity: Corporation

Industry: Concrete Pipe Manufacturing

Location: Columbus, GA

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The Concrete Company is a corporation located at 1030 First Avenue in Columbus, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,952,877.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.95M

Jobs Retained:

400

Loan Approved:

2020-04-08

Lender:

SYNOVUS BANK

The Concrete Company in Columbus, GA received a Paycheck Protection Loan of $3.95M through SYNOVUS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Concrete Company's total 2019 payroll expenses were approximately $18.97M in order to qualify for the PPP loan amount received.

Based on their reported 400 jobs retained, this equals an estimated average yearly compensation of $47,435 per employee1.

Because the loan received by The Concrete Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Concrete Company in Columbus, GA

The Concrete Company
1030 First Avenue
Columbus, GA 31902

Business Industry

Concrete Pipe Manufacturing (NAICS code 327332)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-02

Industry PPP Comparison Statistics

Nationwide, 68 businesses in the "Concrete Pipe Manufacturing" industry received a total of $30,387,810.00 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 32 employees, 92% lower than The Concrete Company's reported 400 employees, and received an average PPP loan of $446,880, 89% lower than this company's loan of $3.95M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/the-concrete-company-columbus-ga