PPP Loan Data — US Tobacco Cooperative Inc, Raleigh, NC
US Tobacco Cooperative Inc is a corporation located at 1304 Annapolis Dr in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,794,073.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
US Tobacco Cooperative Inc in Raleigh, NC received a Paycheck Protection Loan of $3.79M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, US Tobacco Cooperative Inc's total 2019 payroll expenses were approximately $18.21M in order to qualify for the PPP loan amount received.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $80,940 per employee1.
Business Information - US Tobacco Cooperative Inc in Raleigh, NC
1304 Annapolis Dr
Raleigh, NC 27608
Tobacco Farming (NAICS code 111910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-04
Industry PPP Comparison Statistics
Nationwide, 563 businesses in the "Tobacco Farming" industry received a total of $22,358,052.00 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 7 employees, 97% lower than US Tobacco Cooperative Inc's reported 225 employees, and received an average PPP loan of $39,712, 99% lower than this company's loan of $3.79M.
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Footnotes & Information
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