PPP Loan Data — Victory Processing Co., Gainesville, GA
Victory Processing Co. is a corporation located at 2093 Industrial Dr, in Gainesville, Georgia that received a Coronavirus-related PPP loan from the SBA of $8,905,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Victory Processing Co. received a Paycheck Protection Loan of $8.91M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Victory Processing Co.'s total 2019 payroll expenses were approximately $42.74M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $85,488 per employee1.
Business Information - Victory Processing Co. in Gainesville, GA
2093 Industrial Dr,
Gainesville, GA 30504
Poultry Processing (NAICS code 311615)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: GA-09
Similar Companies near Gainesville
In the Gainesville area, 3 businesses in the "Poultry Processing" industry received a PPP loan. These local businesses reported an average of 393 employees (compared to this company's 500) and received an average PPP loan of $6,241,367 (compared to this company's $8.91M).
Similar Nearby Businesses Who Received PPP Funding:
Gold Creek Processing, LLC
Prime-Pak Foods Inc
Industry PPP Comparison Statistics
Nationwide, 213 businesses in the "Poultry Processing" industry received a total of $148,516,793.00 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 68 employees, 86% lower than Victory Processing Co.'s reported 500 employees, and received an average PPP loan of $697,262, 92% lower than this company's loan of $8.91M.
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Footnotes & Information
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