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PPP Loan Data — IFA Rotorian North America LLC, Ladson, SC

SBA PPP loan data, payroll data, and salaries for IFA Rotorian North America LLC
SC

IFA Rotorian North America LLC

Entity: Not Reported

Industry: Motor Vehicle Transmission and Power Train Parts Manufacturing

Location: Ladson, SC

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IFA Rotorian North America LLC is a located at 9770 Patriot Blvd in Ladson, South Carolina that received a Coronavirus-related PPP loan from the SBA of $3,732,900.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.73M

Jobs Retained:

488

Loan Approved:

2020-05-01

Lender:

FIFTH THIRD BANK

IFA Rotorian North America LLC in Ladson, SC received a Paycheck Protection Loan of $3.73M through FIFTH THIRD BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, IFA Rotorian North America LLC's total 2019 payroll expenses were approximately $17.92M in order to qualify for the PPP loan amount received.

Based on their reported 488 jobs retained, this equals an estimated average yearly compensation of $36,717 per employee1.

Because the loan received by IFA Rotorian North America 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 - IFA Rotorian North America LLC in Ladson, SC

IFA Rotorian North America LLC
9770 Patriot Blvd
Ladson, SC 29456

Business Industry

Motor Vehicle Transmission and Power Train Parts Manufacturing (NAICS code 336350)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-01

Similar Companies near Ladson

In the Ladson area, 2 businesses in the "Motor Vehicle Transmission and Power Train Parts Manufacturing" industry received a PPP loan. These local businesses reported an average of 274 employees (compared to this company's 488) and received an average PPP loan of $2,265,089 (compared to this company's $3.73M).

Similar Nearby Businesses Who Received PPP Funding:

VTL Precision (Charleston) Inc
Ladson, SC

$797,277 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 238 businesses in the "Motor Vehicle Transmission and Power Train Parts Manufacturing" industry received a total of $103,227,057.00 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 31 employees, 94% lower than IFA Rotorian North America LLC's reported 488 employees, and received an average PPP loan of $433,727, 88% lower than this company's loan of $3.73M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/ifa-rotorian-north-america-llc-ladson-sc