PPP Loan Data — Vulcan Inc., Foley, AL
Vulcan Inc. is an employee stock ownership plan (esop) located at 410 East Berry Ave. in Foley, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,834,600.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Vulcan Inc. in Foley, AL received a Paycheck Protection Loan of $3.83M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vulcan Inc.'s total 2019 payroll expenses were approximately $18.41M in order to qualify for the PPP loan amount received.
Based on their reported 290 jobs retained, this equals an estimated average yearly compensation of $63,469 per employee1.
Business Information - Vulcan Inc. in Foley, AL
410 East Berry Ave.
Foley, AL 36535
Sign Manufacturing (NAICS code 339950)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-01
Similar Companies near Foley
In the Foley area, 2 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 147 employees (compared to this company's 290) and received an average PPP loan of $1,926,828 (compared to this company's $3.83M).
Similar Nearby Businesses Who Received PPP Funding:
USA Signs And Graphics LLC
Industry PPP Comparison Statistics
Nationwide, 5,450 businesses in the "Sign Manufacturing" industry received a total of $643,191,913.00 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 10 employees, 97% lower than Vulcan Inc.'s reported 290 employees, and received an average PPP loan of $118,017, 97% lower than this company's loan of $3.83M.
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Footnotes & Information
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