PPP Loan Data — Martin Automatic, Inc.,
Rockford, IL
Martin Automatic, Inc.
Entity: Subchapter S Corporation
Industry: Printing Machinery and Equipment Manufacturing
Location: 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
Loan Size:
Jobs Retained:
165Loan Approved:
2020-04-10Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONMartin 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
Business Industry
Printing Machinery and Equipment Manufacturing (NAICS code 333244)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-16Industry 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.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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.
Have FederalPay.org's open data tools been valuable? Consider donating!