PPP Loan Data — Radians Inc, Memphis, TN
Location: Memphis, TNTweet This • Search All PPP Data
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
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
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.
Business Information - Radians Inc in Memphis, TN
5305 Distriplex Farms Dr
Memphis, TN 38141
Apparel Accessories and Other Apparel Manufacturing (NAICS code 315990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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