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PPP Loan Data — Victory Processing Co.,
Gainesville, GA
Victory Processing Co.
Entity: Corporation
Industry: Poultry Processing
Location: Gainesville, GA
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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
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-15Lender:
REGIONS BANKVictory 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
Business Industry
Poultry Processing (NAICS code 311615)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: GA-09Similar 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
Gainesville, GA
Prime-Pak Foods Inc
Gainesville, GA
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.
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.
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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