Union Agener Inc in Augusta, GA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Union Agener Inc, Augusta, GA

Union Agener Inc

Entity: Corporation

Industry: Pharmaceutical Preparation Manufacturing

Location: Augusta, GA

Union Agener Inc is a corporation located at 1788 Lovers Ln in Augusta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,908,008.00 in April, 2020.

The company has reported itself as a White female owned business.

$ PPP Loan Information

Loan Size:

$2.91M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-27

Lender:

SUNSTATE BANK

Union Agener Inc received a Paycheck Protection Loan of $2.91M through SUNSTATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Union Agener Inc's total 2019 payroll expenses were approximately $13.96M in order to qualify for the PPP loan amount received.

Unlike most businesses, Union Agener Inc'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.

Because the loan received by Union Agener Inc 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 - Union Agener Inc in Augusta, GA

Union Agener Inc
1788 Lovers Ln
Augusta, GA 30901

Business Industry

Pharmaceutical Preparation Manufacturing (NAICS code 325412)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: GA-12

Industry PPP Comparison Statistics

Nationwide, 1,351 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a total of $515,322,883.00 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 22 employees, and received an average PPP loan of $381,438, 87% lower than this company's loan of $2.91M.

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.

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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