PPP Loan Data — Priority Plastics, Portland, IN
Priority Plastics is a corporation located at 500 Industrial Park Drive in Portland, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,726,118.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 256 people during the applicable loan loan period.
$ PPP Loan Information
Priority Plastics in Portland, IN received a Paycheck Protection Loan of $2.73M through FIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Priority Plastics' total 2019 payroll expenses were approximately $13.09M in order to qualify for the PPP loan amount received.
Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $51,115 per employee1.
Business Information - Priority Plastics in Portland, IN
500 Industrial Park Drive
Portland, IN 47371
Plastics Material and Resin Manufacturing (NAICS code 325211)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IN-03
Industry PPP Comparison Statistics
Nationwide, 858 businesses in the "Plastics Material and Resin Manufacturing" industry received a total of $311,116,969.00 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 29 employees, 89% lower than Priority Plastics' reported 256 employees, and received an average PPP loan of $362,607, 87% lower than this company's loan of $2.73M.
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Footnotes & Information
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