PPP Loan Data — Veada Industries Inc, New Paris, IN
Veada Industries Inc
Location: New Paris, INTweet This • Search All PPP Data
Veada Industries Inc is a corporation located at 19240 Tarman Rd in New Paris, Indiana that received a Coronavirus-related PPP loan from the SBA of $4,673,500.00 in April, 2020.
$ PPP Loan Information
Lender:LAKE CITY BANK
Veada Industries Inc received a Paycheck Protection Loan of $4.67M through LAKE CITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Veada Industries Inc's total 2019 payroll expenses were approximately $22.43M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $44,866 per employee1.
Business Information - Veada Industries Inc in New Paris, IN
19240 Tarman Rd
New Paris, IN 46553
Motor Vehicle Seating and Interior Trim Manufacturing (NAICS code 336360)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-02
Industry PPP Comparison Statistics
Nationwide, 173 businesses in the "Motor Vehicle Seating and Interior Trim Manufacturing" industry received a total of $100,884,531.00 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 50 employees, 90% lower than Veada Industries Inc's reported 500 employees, and received an average PPP loan of $583,148, 88% lower than this company's loan of $4.67M.
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Footnotes & Information
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