Manufacturing

Businesses and organizations in the Manufacturing industry (NAICS code 3279, part of the Manufacturing sector) received 4,136 PPP loans totaling $634.2M during the COVID-19 pandemic.

The average loan for this industry was $153,331 — above the national PPP average of approximately $67,000. This reflects the relatively large size of many businesses in this sector, which tend to have higher payroll costs and more employees.

97.1% of loans in this industry were forgiven — totaling $622.1M. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include KAMIN LLC of MACON, GA ($6,387,877); SCOTTY'S CONTRACTING & STONE, LLC of BOWLING GREEN, KY ($5,949,000); and THE SEFA GROUP, INC. of LEXINGTON, SC ($5,878,915).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Manufacturing sector — wood products, paper, petroleum, plastics, and nonmetallic mineral manufacturing. — businesses in NAICS 3279 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.