PPP Loan Data — Manitex International, Inc., Bridgeview, IL
Manitex International, Inc.
Location: Bridgeview, ILTweet This • Search All PPP Data
Manitex International, Inc. is a corporation located at 9725 Industrial Dr in Bridgeview, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,747,000.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
Manitex International, Inc. in Bridgeview, IL received a Paycheck Protection Loan of $3.75M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Manitex International, Inc.'s total 2019 payroll expenses were approximately $17.99M in order to qualify for the PPP loan amount received.
Based on their reported 241 jobs retained, this equals an estimated average yearly compensation of $74,629 per employee1.
Business Information - Manitex International, Inc. in Bridgeview, IL
9725 Industrial Dr
Bridgeview, IL 60455
Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (NAICS code 333924)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-03
Similar Companies near Bridgeview
In the Bridgeview area, 2 businesses in the "Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 121 employees (compared to this company's 241) and received an average PPP loan of $1,883,916 (compared to this company's $3.75M).
Similar Nearby Businesses Who Received PPP Funding:
Minna Logistics, Inc.
Industry PPP Comparison Statistics
Nationwide, 510 businesses in the "Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing" industry received a total of $132,525,390.00 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 19 employees, 92% lower than Manitex International, Inc.'s reported 241 employees, and received an average PPP loan of $259,854, 93% lower than this company's loan of $3.75M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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