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PPP Loan Data — Challenger Door, LLC, Nappanee, IN

SBA PPP loan data, payroll data, and salaries for Challenger Door, LLC
IN

Challenger Door, LLC

Entity: Limited Liability Company (LLC)

Industry: Metal Window and Door Manufacturing

Location: Nappanee, IN

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Challenger Door, LLC is a limited liability company (LLC) located at 1205 E Lincoln St in Nappanee, Indiana that received a Coronavirus-related PPP loan from the SBA of $4,891,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.89M

Jobs Retained:

394

Loan Approved:

2020-04-05

Lender:

LAKE CITY BANK

Challenger Door, LLC received a Paycheck Protection Loan of $4.89M through LAKE CITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Challenger Door, LLC's total 2019 payroll expenses were approximately $23.48M in order to qualify for the PPP loan amount received.

Based on their reported 394 jobs retained, this equals an estimated average yearly compensation of $59,592 per employee1.

Because the loan received by Challenger Door, LLC 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 - Challenger Door, LLC in Nappanee, IN

Challenger Door, LLC
1205 E Lincoln St
Nappanee, IN 46550

Business Industry

Metal Window and Door Manufacturing (NAICS code 332321)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-02

Industry PPP Comparison Statistics

Nationwide, 965 businesses in the "Metal Window and Door Manufacturing" industry received a total of $295,266,784.00 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, 94% lower than Challenger Door, LLC's reported 394 employees, and received an average PPP loan of $305,976, 94% lower than this company's loan of $4.89M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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/challenger-door-llc-nappanee-in