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PPP Loan Data — Radians Inc, Memphis, TN

SBA PPP loan data, payroll data, and salaries for Radians Inc

Radians Inc

Entity: Corporation

Industry: Apparel Accessories and Other Apparel Manufacturing

Location: Memphis, TN

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Radians Inc is a corporation located at 5305 Distriplex Farms Dr in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $4,231,272.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Radians Inc received a Paycheck Protection Loan of $4.23M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Radians Inc's total 2019 payroll expenses were approximately $20.31M in order to qualify for the PPP loan amount received.

Based on their reported 370 jobs retained, this equals an estimated average yearly compensation of $54,892 per employee1.

Because the loan received by Radians 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 - Radians Inc in Memphis, TN

Radians Inc
5305 Distriplex Farms Dr
Memphis, TN 38141

Business Industry

Apparel Accessories and Other Apparel Manufacturing (NAICS code 315990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-09

Industry PPP Comparison Statistics

Nationwide, 2,456 businesses in the "Apparel Accessories and Other Apparel Manufacturing" industry received a total of $302,692,200.00 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 12 employees, 97% lower than Radians Inc's reported 370 employees, and received an average PPP loan of $123,246, 97% lower than this company's loan of $4.23M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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** This Document Provided By - The Civil Employee's Resource **