PPP Loan Data — Panoramic Inc, Janesville, WI
Panoramic Inc is a corporation located at 1500 N Parker Dr in Janesville, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,882,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 241 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Panoramic Inc in Janesville, WI received a Paycheck Protection Loan of $1.88M through Johnson Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Panoramic Inc's 2019 payroll expenses are estimated to be at least $9.03M.
Based on their reported 241 jobs retained, this equals an estimated average yearly compensation of $37,486 per employee1
Reported PPP Proceed Usage:
On the PPP application, Panoramic Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,411,575
- Utilities: $156,841
- Mortgage Interest: $156,842
- Rent: $156,842
Business Information - Panoramic Inc in Janesville, WI
1500 N Parker Dr
Janesville, WI 53545
Packaging and Labeling Services
NAICS code 561910
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,744 businesses in the "Packaging and Labeling Services" industry received a total of $380.14M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 15 employees, 94% lower than Panoramic Inc's reported 241 employees, and received an average PPP loan of $138,534, 93% lower than this company's loan of $1.88M.
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Footnotes & Information
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