PPP Loan Data — Penn A Kem LLC, Memphis, TN
Penn A Kem LLC is a limited liability company (LLC) located at 3324 Chelsea Ave in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,488,900.00 in April, 2020.
$ PPP Loan Information
Lender:WEBSTER BANK, NATIONAL ASSOCIATION
Penn A Kem LLC received a Paycheck Protection Loan of $2.49M through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Penn A Kem LLC's total 2019 payroll expenses were approximately $11.95M in order to qualify for the PPP loan amount received.
Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $71,111 per employee1.
Business Information - Penn A Kem LLC in Memphis, TN
3324 Chelsea Ave
Memphis, TN 38108
All Other Basic Organic Chemical Manufacturing (NAICS code 325199)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-09
Industry PPP Comparison Statistics
Nationwide, 494 businesses in the "All Other Basic Organic Chemical Manufacturing" industry received a total of $174,933,064.00 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 19 employees, 89% lower than Penn A Kem LLC's reported 168 employees, and received an average PPP loan of $354,116, 86% lower than this company's loan of $2.49M.
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Footnotes & Information
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