PPP Loan Data — LGS Industries, Inc., Middlebury, IN
LGS Industries, Inc. is a subchapter s corporation located at 11550 Harter Dr. in Middlebury, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,900,000.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
LGS Industries, Inc. in Middlebury, IN received a Paycheck Protection Loan of $3.9M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, LGS Industries, Inc.'s total 2019 payroll expenses were approximately $18.72M 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 $37,440 per employee1.
Business Information - LGS Industries, Inc. in Middlebury, IN
11550 Harter Dr.
Middlebury, IN 46540
Truck Trailer Manufacturing (NAICS code 336212)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-02
Industry PPP Comparison Statistics
Nationwide, 652 businesses in the "Truck Trailer Manufacturing" industry received a total of $211,699,391.00 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 27 employees, 95% lower than LGS Industries, Inc.'s reported 500 employees, and received an average PPP loan of $324,692, 92% lower than this company's loan of $3.9M.
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Footnotes & Information
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