PPP Loan Data — IFA Rotorian North America LLC, Ladson, SC
IFA Rotorian North America LLC
Entity: Not Reported
Location: Ladson, SCTweet This • Search All PPP Data
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
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.
Business Information - IFA Rotorian North America LLC in Ladson, SC
9770 Patriot Blvd
Ladson, SC 29456
Motor Vehicle Transmission and Power Train Parts Manufacturing (NAICS code 336350)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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