PPP Loan Data — Fawn Manufacturing, Inc, Clive, IA
Fawn Manufacturing, Inc
Industry: Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
Location: Clive, IATweet This • Search All PPP Data
Fawn Manufacturing, Inc is a corporation located at 8040 University Avenue in Clive, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,061,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bankers Trust Company
Fawn Manufacturing, Inc in Clive, IA received a Paycheck Protection Loan of $2.06M through Bankers Trust Company, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Fawn Manufacturing, Inc's 2019 payroll expenses are estimated to be at least $9.9M.
Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $38,653 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fawn Manufacturing, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,061,500
Business Information - Fawn Manufacturing, Inc in Clive, IA
8040 University Avenue
Clive, IA 50325
Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
NAICS code 333415
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,606 businesses in the "Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing" industry received a total of $490.48M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 16 employees, 94% lower than Fawn Manufacturing, Inc's reported 256 employees, and received an average PPP loan of $188,212, 91% lower than this company's loan of $2.06M.
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Footnotes & Information
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