PPP Loan Data — National Guard Products, Inc., Memphis, TN
National Guard Products, Inc. is a corporation located at 4985 Raines Rd in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,028,311.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
National Guard Products, Inc. in Memphis, TN received a Paycheck Protection Loan of $3.03M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, National Guard Products, Inc.'s total 2019 payroll expenses were approximately $14.54M in order to qualify for the PPP loan amount received.
Based on their reported 316 jobs retained, this equals an estimated average yearly compensation of $46,000 per employee1.
Business Information - National Guard Products, Inc. in Memphis, TN
4985 Raines Rd
Memphis, TN 38118
Metal Window and Door Manufacturing (NAICS code 332321)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-09
Similar Companies near Memphis
In the Memphis area, 3 businesses in the "Metal Window and Door Manufacturing" industry received a PPP loan. These local businesses reported an average of 116 employees (compared to this company's 316) and received an average PPP loan of $1,066,235 (compared to this company's $3.03M).
Similar Nearby Businesses Who Received PPP Funding:
Imperial Window Manufacturing, LLC
Midsouth Window Fashions LLC
Industry PPP Comparison Statistics
Nationwide, 965 businesses in the "Metal Window and Door Manufacturing" industry received a total of $295,266,784.00 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 24 employees, 92% lower than National Guard Products, Inc.'s reported 316 employees, and received an average PPP loan of $305,976, 90% lower than this company's loan of $3.03M.
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Footnotes & Information
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