PPP Loan Data — The Lilly Company, Memphis, TN
The Lilly Company
Location: Memphis, TNTweet This • Search All PPP Data
The Lilly Company is a corporation located at 3613 Knight Arnold Road in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,847,865.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
The Lilly Company in Memphis, TN received a Paycheck Protection Loan of $3.85M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Lilly Company's total 2019 payroll expenses were approximately $18.47M in order to qualify for the PPP loan amount received.
Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $66,919 per employee1.
Business Information - The Lilly Company in Memphis, TN
3613 Knight Arnold Road
Memphis, TN 38118
Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-09
Similar Companies near Memphis
In the Memphis area, 5 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 276) and received an average PPP loan of $1,161,009 (compared to this company's $3.85M).
Similar Nearby Businesses Who Received PPP Funding:
Universal Asset Management, Inc.
Franklin Electrofluid Company, Inc
Diversified Global Sourcing Inc
Flint Hydraulics, Inc
Industry PPP Comparison Statistics
Nationwide, 7,320 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $1,713,685,837.00 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 15 employees, 95% lower than The Lilly Company's reported 276 employees, and received an average PPP loan of $234,110, 94% lower than this company's loan of $3.85M.
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