PPP Loan Data — Mid-America Overseas Inc, Itasca, IL
Mid-America Overseas Inc is a subchapter s corporation located at 650 E Devon Ave Ste 150 in Itasca, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,250,000.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Mid-America Overseas Inc received a Paycheck Protection Loan of $3.25M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mid-America Overseas Inc's total 2019 payroll expenses were approximately $15.6M in order to qualify for the PPP loan amount received.
Based on their reported 197 jobs retained, this equals an estimated average yearly compensation of $79,188 per employee1.
Business Information - Mid-America Overseas Inc in Itasca, IL
650 E Devon Ave Ste 150
Itasca, IL 60143
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-08
Similar Companies near Itasca
In the Itasca area, 11 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 197) and received an average PPP loan of $431,541 (compared to this company's $3.25M).
Similar Nearby Businesses Who Received PPP Funding:
Ctns General Partnership
Frontier Supply Chain Solutions USA, Inc
B&B Cargo Inc
Suntrans International Inc
Juno Logistics Inc
Arcadia DBA Ls
JDB International Inc
Industry PPP Comparison Statistics
Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 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 10 employees, 95% lower than Mid-America Overseas Inc's reported 197 employees, and received an average PPP loan of $119,776, 96% lower than this company's loan of $3.25M.
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Footnotes & Information
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