PPP Loan Data — Manar, Inc, Edinburgh, IN
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
Lender:FIFTH THIRD BANK
Manar, 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
All Other Plastics Product Manufacturing (NAICS code 326199)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-06
Similar 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
Challenge Plastic Products, Inc
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.
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Footnotes & Information
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