PPP Loan Data — Park 100 Foods Inc, Tipton, IN
Park 100 Foods Inc is a subchapter s corporation located at 326 E Adams St in Tipton, Indiana that received a Coronavirus-related PPP loan from the SBA of $5,041,500.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Park 100 Foods Inc received a Paycheck Protection Loan of $5.04M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Park 100 Foods Inc's total 2019 payroll expenses were approximately $24.2M in order to qualify for the PPP loan amount received.
Based on their reported 488 jobs retained, this equals an estimated average yearly compensation of $49,589 per employee1.
Business Information - Park 100 Foods Inc in Tipton, IN
326 E Adams St
Tipton, IN 46072
Frozen Specialty Food Manufacturing (NAICS code 311412)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-05
Industry PPP Comparison Statistics
Nationwide, 434 businesses in the "Frozen Specialty Food Manufacturing" industry received a total of $156,253,662.00 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 36 employees, 93% lower than Park 100 Foods Inc's reported 488 employees, and received an average PPP loan of $360,031, 93% lower than this company's loan of $5.04M.
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Footnotes & Information
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