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PPP Loan Data — Creative Liquid Coatings, Inc.,
Kendallville, IN
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:
500Loan Approved:
2020-04-13Lender:
PREMIER BANKCreative 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.
Business Information - Creative Liquid Coatings, Inc. in Kendallville, IN
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-03Industry 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.
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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