PPP Loan Data — MCL Industries Inc, Pulaski, WI
MCL Industries Inc
Industry: Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
Location: Pulaski, WITweet This • Search All PPP Data
MCL Industries Inc is a corporation located at 660 Corporate Way 0.0 in Pulaski, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,160,920.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
MCL Industries Inc in Pulaski, WI received a Paycheck Protection Loan of $2.16M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, MCL Industries Inc's 2019 payroll expenses are estimated to be at least $10.37M.
Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $53,192 per employee1
Reported PPP Proceed Usage:
On the PPP application, MCL Industries Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,805,550
- Utilities: $16,562
- Rent: $92,779
- Health Care: $220,444
- Debt Interest: $25,585
Business Information - MCL Industries Inc in Pulaski, WI
660 Corporate Way 0.0
Pulaski, WI 54162
Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
NAICS code 334513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,191 businesses in the "Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables" industry received a total of $393.1M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 24 employees, 88% lower than MCL Industries Inc's reported 195 employees, and received an average PPP loan of $330,058, 85% lower than this company's loan of $2.16M.
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