PPP Loan Data — Intermatic Incorporated, Spring Grove, IL
Entity: Subchapter S Corporation
Industry: Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use
Location: Spring Grove, ILTweet This • Search All PPP Data
Intermatic Incorporated is a subchapter s corporation located at 7777 Winn Road in Spring Grove, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,780,200.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Intermatic Incorporated in Spring Grove, IL received a Paycheck Protection Loan of $2.78M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Intermatic Incorporated's total 2019 payroll expenses were approximately $13.34M in order to qualify for the PPP loan amount received.
Based on their reported 141 jobs retained, this equals an estimated average yearly compensation of $94,645 per employee1.
Business Information - Intermatic Incorporated in Spring Grove, IL
7777 Winn Road
Spring Grove, IL 60081
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-14
Industry PPP Comparison Statistics
Nationwide, 373 businesses in the "Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use" industry received a total of $89,613,177.00 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 17 employees, 88% lower than Intermatic Incorporated's reported 141 employees, and received an average PPP loan of $240,250, 91% lower than this company's loan of $2.78M.
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