PPP Loan Data — Load King Manufacturing Co., Jacksonville, FL
Load King Manufacturing Co. is a corporation located at 1357 Beaver St in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $2,895,815.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Load King Manufacturing Co. received a Paycheck Protection Loan of $2.9M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Load King Manufacturing Co.'s total 2019 payroll expenses were approximately $13.9M in order to qualify for the PPP loan amount received.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $77,653 per employee1.
Business Information - Load King Manufacturing Co. in Jacksonville, FL
1357 Beaver St
Jacksonville, FL 32209
Other Industrial Machinery Manufacturing (NAICS code 333249)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-05
Similar Companies near Jacksonville
In the Jacksonville area, 2 businesses in the "Other Industrial Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 179) and received an average PPP loan of $1,467,345 (compared to this company's $2.9M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,172 businesses in the "Other Industrial Machinery Manufacturing" industry received a total of $695,492,915.00 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 22 employees, 88% lower than Load King Manufacturing Co.'s reported 179 employees, and received an average PPP loan of $320,209, 89% lower than this company's loan of $2.9M.
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