PPP Loan Data — Martin Automatic, Inc., Rockford, IL
Martin Automatic, Inc. is a subchapter s corporation located at 1661 Northrock Court in Rockford, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,475,442.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Martin Automatic, Inc. received a Paycheck Protection Loan of $2.48M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Martin Automatic, Inc.'s total 2019 payroll expenses were approximately $11.88M in order to qualify for the PPP loan amount received.
Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $72,013 per employee1.
Business Information - Martin Automatic, Inc. in Rockford, IL
1661 Northrock Court
Rockford, IL 61103
Printing Machinery and Equipment Manufacturing (NAICS code 333244)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-16
Industry PPP Comparison Statistics
Nationwide, 307 businesses in the "Printing Machinery and Equipment Manufacturing" industry received a total of $82,453,348.00 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, 90% lower than Martin Automatic, Inc.'s reported 165 employees, and received an average PPP loan of $268,578, 89% lower than this company's loan of $2.48M.
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Footnotes & Information
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