PPP Loan Data — Paramont MFG LLC, Abingdon, VA
Paramont MFG LLC is a limited liability company (LLC) located at 18259 Westinghouse Rd in Abingdon, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,984,800.00 in April, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:THE FIRST BANK AND TRUST COMPANY
Paramont MFG LLC received a Paycheck Protection Loan of $3.98M through THE FIRST BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Paramont MFG LLC's total 2019 payroll expenses were approximately $19.13M in order to qualify for the PPP loan amount received.
Unlike most businesses, Paramont MFG LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Paramont MFG LLC in Abingdon, VA
18259 Westinghouse Rd
Abingdon, VA 24210
Other Motor Vehicle Parts Manufacturing (NAICS code 336390)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: VA-09
Industry PPP Comparison Statistics
Nationwide, 1,012 businesses in the "Other Motor Vehicle Parts Manufacturing" industry received a total of $430,804,983.00 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, and received an average PPP loan of $425,697, 89% lower than this company's loan of $3.98M.
FederalPay's PPP Information Policy
Footnotes & Information
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