PPP Loan Data — MA Ford MFG Co Inc, Davenport, IA
MA Ford MFG Co Inc is a subchapter s corporation located at 7767 Nw Blvd in Davenport, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,401,000.00 in April, 2020.
$ PPP Loan Information
Lender:QUAD CITY BANK AND TRUST COMPANY
MA Ford MFG Co Inc in Davenport, IA received a Paycheck Protection Loan of $3.4M through QUAD CITY BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, MA Ford MFG Co Inc's total 2019 payroll expenses were approximately $16.32M in order to qualify for the PPP loan amount received.
Based on their reported 232 jobs retained, this equals an estimated average yearly compensation of $70,366 per employee1.
Business Information - MA Ford MFG Co Inc in Davenport, IA
7767 Nw Blvd
Davenport, IA 52806
Industrial Mold Manufacturing (NAICS code 333511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-02
Industry PPP Comparison Statistics
Nationwide, 709 businesses in the "Industrial Mold Manufacturing" industry received a total of $233,949,824.00 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 24 employees, 90% lower than MA Ford MFG Co Inc's reported 232 employees, and received an average PPP loan of $329,972, 90% lower than this company's loan of $3.4M.
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Footnotes & Information
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