PPP Loan Data — Magnetrol International Holding Co, Aurora, IL
Magnetrol International Holding Co
Entity: Subchapter S Corporation
Industry: Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
Location: Aurora, ILTweet This • Search All PPP Data
Magnetrol International Holding Co is a subchapter s corporation located at 705 Enterprise St in Aurora, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,854,700.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Magnetrol International Holding Co in Aurora, IL received a Paycheck Protection Loan of $6.85M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Magnetrol International Holding Co's total 2019 payroll expenses were approximately $32.9M in order to qualify for the PPP loan amount received.
Based on their reported 459 jobs retained, this equals an estimated average yearly compensation of $71,683 per employee1.
Business Information - Magnetrol International Holding Co in Aurora, IL
705 Enterprise St
Aurora, IL 60504
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-11
Industry PPP Comparison Statistics
Nationwide, 719 businesses in the "Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables" industry received a total of $285,355,038.00 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, 95% lower than Magnetrol International Holding Co's reported 459 employees, and received an average PPP loan of $396,878, 94% lower than this company's loan of $6.85M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!