PPP Loan Data — Imperial Window Manufacturing, LLC, Memphis, TN
Imperial Window Manufacturing, LLC is a limited liability company (LLC) located at 2819 Farrisview in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $46,683.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Imperial Window Manufacturing, LLC in Memphis, TN received a Paycheck Protection Loan of $46,683 through BancorpSouth Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 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, Imperial Window Manufacturing, LLC's 2019 payroll expenses are estimated to be at least $224,078.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,408 per employee1
Reported PPP Proceed Usage:
On the PPP application, Imperial Window Manufacturing, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,683
Business Information - Imperial Window Manufacturing, LLC in Memphis, TN
Memphis, TN 38118
Metal Window and Door Manufacturing
NAICS code 332321
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Memphis
In the Memphis area, 3 businesses in the "Metal Window and Door Manufacturing" industry received a PPP loan. These local businesses reported an average of 116 employees (compared to this company's 10) and received an average PPP loan of $1,066,235 (compared to this company's $46,683).
Similar Nearby Businesses Who Received PPP Funding:
Midsouth Window Fashions LLC
National Guard Products, Inc
Industry PPP Comparison Statistics
Nationwide, 1,499 businesses in the "Metal Window and Door Manufacturing" industry received a total of $362.52M 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 23 employees, 130% higher than Imperial Window Manufacturing, LLC's reported 10 employees, and received an average PPP loan of $241,838, 418% higher than this company's loan of $46,683.
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Footnotes & Information
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