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PPP Loan Data — Vulcan Inc., Foley, AL

SBA PPP loan data, payroll data, and salaries for Vulcan Inc.

Vulcan Inc.

Entity: Employee Stock Ownership Plan (esop)

Industry: Sign Manufacturing

Location: Foley, AL

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Vulcan 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 - Vulcan Inc. in Foley, AL

Vulcan Inc.
410 East Berry Ave.
Foley, AL 36535

Business Industry

Sign Manufacturing (NAICS code 339950)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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
Foley, AL

$19,056 PPP Loan

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.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By - The Civil Employee's Resource **