COVID Stimulus Watch Individual Entry

Note: this award was refunded

Individual Award Data

Recipient Company:
Culp, Inc.
Parent Company: Culp Inc.
Award Date: Apr 15, 2020
Award Type: loan
Loan or Loan Guarantee Amount: $7,605,500
Awarding Agency: Small Business Administration
Program Name: Paycheck Protection Program
Award Details: The company later said it would return the money: https://www.sec.gov/Archives/edgar/data/723603/000115752320000744/a52221...
Data Source for Award:
https://www.sec.gov/Archives/edgar/data/723603/000115752320000554/a52207...

Parent Company Data

Ownership Structure: publicly traded (ticker symbol CULP)
Headquartered in: North Carolina
Parent Sector: housewares and home furnishings
Parent Industry: mattress fabrics
Employees (prior to pandemic): 1,440

Accountability Issues Since 2010

Employment icon
Good Jobs First has no data in this category
Contracting icon
Good Jobs First has no data in this category
Environment icon
Good Jobs First has no data in this category
ConsumerProt icon
Good Jobs First has no data in this category
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 38 to 1
CEO Compensation: $1,111,452
Worker Median Pay: $29,269
Tax icon
Total Federal, State, and Local Subsidies: $41,280
Subsidy Tracker
Violation Tracker

Details on Accountability data sources