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PPP Loan Data — Creative Liquid Coatings, Inc., Kendallville, IN

SBA PPP loan data, payroll data, and salaries for Creative Liquid Coatings, Inc.

Creative Liquid Coatings, Inc.

Entity: Subchapter S Corporation

Industry: Other Motor Vehicle Parts Manufacturing

Location: Kendallville, IN

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Creative Liquid Coatings, Inc. is a subchapter s corporation located at 2620 Marion Dr in Kendallville, Indiana that received a Coronavirus-related PPP loan from the SBA of $4,304,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Creative Liquid Coatings, Inc. received a Paycheck Protection Loan of $4.3M through PREMIER BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Creative Liquid Coatings, Inc.'s total 2019 payroll expenses were approximately $20.66M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $41,319 per employee1.

Because the loan received by Creative Liquid Coatings, 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 - Creative Liquid Coatings, Inc. in Kendallville, IN

Creative Liquid Coatings, Inc.
2620 Marion Dr
Kendallville, IN 46755

Business Industry

Other Motor Vehicle Parts Manufacturing (NAICS code 336390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-03

Industry PPP Comparison Statistics

Nationwide, 1,012 businesses in the "Other Motor Vehicle Parts Manufacturing" industry received a total of $430,804,983.00 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 33 employees, 93% lower than Creative Liquid Coatings, Inc.'s reported 500 employees, and received an average PPP loan of $425,697, 90% lower than this company's loan of $4.3M.

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 - The Civil Employee's Resource **