Corporation

Maples Industries, Inc

Carpet and Rug Mills

$10,000,000.00
PPP Loan Number 5681587001

Company Overview

Maples Industries, Inc

2210 Moody Ridge Rd
Scottsboro, AL 35768-4114

Maples Industries, Inc is a Carpet and Rug Mills Corporation located at 2210 Moody Ridge Rd Scottsboro, AL 35768-4114 with 500 employees.


# of employees
500
Average salary
$96,000.00 /yr
Business type
Corporation

Company Story



Maples Industries, Inc. is a leading carpet and rug mill located in Scottsboro, AL. Founded in 1989 by John Maples and his family, the company has been producing quality carpets and rugs for over 30 years. They specialize in tufting, weaving and finishing of all styles of carpeting to meet the needs of their customers across the country. They employ around 500 skilled employees who are committed to providing excellent customer service while crafting top-of-the-line products using updated equipment and advanced technologies.

The company's commitment to sustainability as well as ongoing research into innovative production methods helps them maintain industry best practices while reducing waste, energy usage, water consumption and air pollution due to their industry processes. Their commitment to sustainability led them to become Ecotex Certified—certifying that their products are produced in an ecologically responsible manner—as well as UL Environment certified; ensuring that their environmental programs meet or exceed all government regulations for global environmental standards throughout each stage of production from raw materials through product disposal including recycling programs for post consumer waste products like carpets & rugs which end up in landfill sites when disposed incorrectly thereby further lessening any negative impact on our environment

In addition Maples Industries takes pride in creating custom designs tailored specifically for each customer’s needs along with color options available across a wide spectrum allowing consumers freedom when making decisions about what type of product they want installed into their home or business setting. This allows high levels of creativity without compromising on quality or durability which is why many residences & commercial businesses have trusted Maples Industries since 1989!



Loan Details

During round 1 of the paycheck protection program, Maples Industries, Inc requested a PPP loan for $10,000,000.00. They were approved on 4/6/2020 by the SBA for an amount of $10,000,000.00. The loan was facillitated by Regions Bank. Of the approved amount, Maples Industries, Inc has received 100% of the approved amount.


Approved
$10,000,000.00
Disbursed
$10,000,000.00

Originating Lender
Regions Bank

Servicing Lender
Regions Bank

SBA Code
459


Demographics
Race
Unanswered
Ethnicity
Unknown/NotStated
Gender
Male Owned
Veteran
Non-Veteran

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