PPP Loan Data — Mid-States Concrete Industries, LLC, South Beloit, IL
Mid-States Concrete Industries, LLC is a limited liability company (LLC) located at 500 S Park Ave in South Beloit, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,208,125.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:THE FIRST NATIONAL BANK AND TRUST COMPANY
Mid-States Concrete Industries, LLC in South Beloit, IL received a Paycheck Protection Loan of $3.21M through THE FIRST NATIONAL BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mid-States Concrete Industries, LLC's total 2019 payroll expenses were approximately $15.4M in order to qualify for the PPP loan amount received.
Unlike most businesses, Mid-States Concrete Industries, LLC'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 - Mid-States Concrete Industries, LLC in South Beloit, IL
500 S Park Ave
South Beloit, IL 61080
Structural Steel and Precast Concrete Contractors (NAICS code 238120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-16
Industry PPP Comparison Statistics
Nationwide, 2,045 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a total of $681,119,594.00 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 22 employees, and received an average PPP loan of $333,066, 90% lower than this company's loan of $3.21M.
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Footnotes & Information
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