PPP Loan Data — Magnum Venus Products, Inc., Knoxville, TN
Magnum Venus Products, Inc. is a corporation located at 2030 Falling Waters Rd in Knoxville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,714,200.00 in April, 2020.
$ PPP Loan Information
Magnum Venus Products, Inc. received a Paycheck Protection Loan of $2.71M through PINNACLE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Magnum Venus Products, Inc.'s total 2019 payroll expenses were approximately $13.03M in order to qualify for the PPP loan amount received.
Based on their reported 259 jobs retained, this equals an estimated average yearly compensation of $50,302 per employee1.
Business Information - Magnum Venus Products, Inc. in Knoxville, TN
2030 Falling Waters Rd
Knoxville, TN 37922
Plastics Plumbing Fixture Manufacturing (NAICS code 326191)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-02
Industry PPP Comparison Statistics
Nationwide, 188 businesses in the "Plastics Plumbing Fixture Manufacturing" industry received a total of $53,820,521.00 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 25 employees, 90% lower than Magnum Venus Products, Inc.'s reported 259 employees, and received an average PPP loan of $286,279, 89% lower than this company's loan of $2.71M.
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Footnotes & Information
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