FederalPay.org
PPP Loan Data — Manar, Inc,
Edinburgh, IN
Manar, Inc
Entity: Subchapter S Corporation
Industry: All Other Plastics Product Manufacturing
Location: Edinburgh, IN
Tweet This
•
Search All PPP Data
Manar, Inc is a subchapter s corporation located at 905 S Walnut St in Edinburgh, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,164,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
369Loan Approved:
2020-04-15Lender:
FIFTH THIRD BANKManar, Inc in Edinburgh, IN received a Paycheck Protection Loan of $3.16M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Manar, Inc's total 2019 payroll expenses were approximately $15.19M in order to qualify for the PPP loan amount received.
Based on their reported 369 jobs retained, this equals an estimated average yearly compensation of $41,164 per employee1.
Business Information - Manar, Inc in Edinburgh, IN
905 S Walnut St
Edinburgh, IN 46124
Business Industry
All Other Plastics Product Manufacturing (NAICS code 326199)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IN-06Similar Companies near Edinburgh
In the Edinburgh area, 3 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 137 employees (compared to this company's 369) and received an average PPP loan of $1,212,812 (compared to this company's $3.16M).
Similar Nearby Businesses Who Received PPP Funding:
R&R Technologies, LLC
Edinburgh, IN
Challenge Plastic Products, Inc
Edinburgh, IN
Industry PPP Comparison Statistics
Nationwide, 3,247 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1,252,980,223.00 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 33 employees, 91% lower than Manar, Inc's reported 369 employees, and received an average PPP loan of $385,889, 88% lower than this company's loan of $3.16M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!