PPP Loan Data — Vandor Corporation, Richmond, IN
Vandor Corporation is a corporation located at 4251 West Industries Road in Richmond, Indiana that received a Coronavirus-related PPP loan from the SBA of $1,640,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 159 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Bank Richmond
Vandor Corporation in Richmond, IN received a Paycheck Protection Loan of $1.64M through First Bank Richmond, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Vandor Corporation's 2019 payroll expenses are estimated to be at least $7.87M.
Based on their reported 159 jobs retained, this equals an estimated average yearly compensation of $49,509 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vandor Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,640,000
Business Information - Vandor Corporation in Richmond, IN
4251 West Industries Road
Richmond, IN 47374
Burial Casket Manufacturing
NAICS code 339995
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Richmond
In the Richmond area, 2 businesses in the "Burial Casket Manufacturing" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 159) and received an average PPP loan of $1,289,500 (compared to this company's $1.64M).
Similar Nearby Businesses Who Received PPP Funding:
Carlos Casket Shell, Inc
Industry PPP Comparison Statistics
Nationwide, 133 businesses in the "Burial Casket Manufacturing" industry received a total of $17.16M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 16 employees, 90% lower than Vandor Corporation's reported 159 employees, and received an average PPP loan of $129,014, 92% lower than this company's loan of $1.64M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!