Corporation Perfectvision Manufacturing Inc in Little Rock, AR - SBA PPP Loan Data (Paycheck Protection Program)
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PPP Loan Data — Perfectvision Manufacturing Inc, Little Rock, AR

SBA PPP loan data, payroll data, and salaries for Perfectvision Manufacturing Inc
AR

Perfectvision Manufacturing Inc

Entity: Corporation

Industry: Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers

Location: Little Rock, AR

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Perfectvision Manufacturing Inc is a corporation located at 16101 Lagrande Dr in Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $5,841,252.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.84M

Jobs Retained:

391

Loan Approved:

2020-04-16

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Perfectvision Manufacturing Inc in Little Rock, AR received a Paycheck Protection Loan of $5.84M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Perfectvision Manufacturing Inc's total 2019 payroll expenses were approximately $28.04M in order to qualify for the PPP loan amount received.

Based on their reported 391 jobs retained, this equals an estimated average yearly compensation of $71,708 per employee1.

Because the loan received by Perfectvision Manufacturing Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Perfectvision Manufacturing Inc in Little Rock, AR

Perfectvision Manufacturing Inc
16101 Lagrande Dr
Little Rock, AR 72223

Business Industry

Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers (NAICS code 423620)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AR-02

Industry PPP Comparison Statistics

Nationwide, 1,375 businesses in the "Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers" industry received a total of $231,529,764.00 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 13 employees, 97% lower than Perfectvision Manufacturing Inc's reported 391 employees, and received an average PPP loan of $168,385, 97% lower than this company's loan of $5.84M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/perfectvision-manufacturing-inc-little-rock-ar