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PPP Loan Data — Williams Sausage Co Inc, Union City, TN

SBA PPP loan data, payroll data, and salaries for Williams Sausage Co Inc
TN

Williams Sausage Co Inc

Entity: Corporation

Industry: Animal (except Poultry) Slaughtering

Location: Union City, TN

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Williams Sausage Co Inc is a corporation located at 5132 Old Troy Hickman Rd in Union City, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,383,800.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 478 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.38M

Jobs Retained:

478

Loan Approved:

2020-04-10

Lender:

SECURITY BANK AND TRUST COMPANY

Williams Sausage Co Inc in Union City, TN received a Paycheck Protection Loan of $3.38M through SECURITY BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Williams Sausage Co Inc's total 2019 payroll expenses were approximately $16.24M in order to qualify for the PPP loan amount received.

Based on their reported 478 jobs retained, this equals an estimated average yearly compensation of $33,980 per employee1.

Because the loan received by Williams Sausage Co 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 - Williams Sausage Co Inc in Union City, TN

Williams Sausage Co Inc
5132 Old Troy Hickman Rd
Union City, TN 38261

Business Industry

Animal (except Poultry) Slaughtering (NAICS code 311611)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TN-08

Industry PPP Comparison Statistics

Nationwide, 372 businesses in the "Animal (except Poultry) Slaughtering" industry received a total of $86,063,230.00 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 24 employees, 95% lower than Williams Sausage Co Inc's reported 478 employees, and received an average PPP loan of $231,353, 93% lower than this company's loan of $3.38M.

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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/williams-sausage-co-inc-union-city-tn