PPP Loan Data — Mervis Industries Inc, Danville, IL
Mervis Industries Inc is a corporation located at 3295 E Main St in Danville, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,463,500.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:OLD NATIONAL BANK
Mervis Industries Inc in Danville, IL received a Paycheck Protection Loan of $3.46M through OLD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mervis Industries Inc's total 2019 payroll expenses were approximately $16.62M in order to qualify for the PPP loan amount received.
Unlike most businesses, Mervis Industries Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Mervis Industries Inc in Danville, IL
3295 E Main St
Danville, IL 61834
Recyclable Material Merchant Wholesalers (NAICS code 423930)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-15
Industry PPP Comparison Statistics
Nationwide, 4,300 businesses in the "Recyclable Material Merchant Wholesalers" industry received a total of $657,310,017.00 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 14 employees, and received an average PPP loan of $152,863, 96% lower than this company's loan of $3.46M.
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Footnotes & Information
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