PPP Loan Data — Mid-Continent Instrument Co Inc, Wichita, KS
Mid-Continent Instrument Co Inc
Industry: Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Location: Wichita, KSTweet This • Search All PPP Data
Mid-Continent Instrument Co Inc is a corporation located at 9400 E 34th St N in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $3,239,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 194 people during the applicable loan loan period.
$ PPP Loan Information
Lender:INTRUST BANK, NATIONAL ASSOCIATION
Mid-Continent Instrument Co Inc received a Paycheck Protection Loan of $3.24M through INTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mid-Continent Instrument Co Inc's total 2019 payroll expenses were approximately $15.55M in order to qualify for the PPP loan amount received.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $80,143 per employee1.
Business Information - Mid-Continent Instrument Co Inc in Wichita, KS
9400 E 34th St N
Wichita, KS 67226
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: KS-04
Industry PPP Comparison Statistics
Nationwide, 440 businesses in the "Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing" industry received a total of $190,897,230.00 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 26 employees, 87% lower than Mid-Continent Instrument Co Inc's reported 194 employees, and received an average PPP loan of $433,857, 87% lower than this company's loan of $3.24M.
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.
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