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PPP Loan Data — Lafayette Venetian Blind Inc, West Lafayette, IN

SBA PPP loan data, payroll data, and salaries for Lafayette Venetian Blind Inc
IN

Lafayette Venetian Blind Inc

Entity: Corporation

Industry: Blind and Shade Manufacturing

Location: West Lafayette, IN

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Lafayette Venetian Blind Inc is a corporation located at 3000 Klondike Road in West Lafayette, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,900,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.9M

Jobs Retained:

250

Loan Approved:

2020-04-05

Lender:

LAKE CITY BANK

Lafayette Venetian Blind Inc in West Lafayette, IN received a Paycheck Protection Loan of $3.9M through LAKE CITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lafayette Venetian Blind Inc's total 2019 payroll expenses were approximately $18.72M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $74,892 per employee1.

Because the loan received by Lafayette Venetian Blind Inc 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 - Lafayette Venetian Blind Inc in West Lafayette, IN

Lafayette Venetian Blind Inc
3000 Klondike Road
West Lafayette, IN 47996

Business Industry

Blind and Shade Manufacturing (NAICS code 337920)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-04

Industry PPP Comparison Statistics

Nationwide, 427 businesses in the "Blind and Shade Manufacturing" industry received a total of $64,899,649.00 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 13 employees, 95% lower than Lafayette Venetian Blind Inc's reported 250 employees, and received an average PPP loan of $151,990, 96% lower than this company's loan of $3.9M.

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.

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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/lafayette-venetian-blind-inc-west-lafayette-in