PPP Loan Data — Midwest Commercial Interiors, Salt Lake City, UT
Midwest Commercial Interiors is a corporation located at 987 S West Temple in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,604,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 174 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MOUNTAIN AMERICA FCU
Midwest Commercial Interiors received a Paycheck Protection Loan of $2.6M through MOUNTAIN AMERICA FCU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Midwest Commercial Interiors' total 2019 payroll expenses were approximately $12.5M in order to qualify for the PPP loan amount received.
Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $71,851 per employee1.
Business Information - Midwest Commercial Interiors in Salt Lake City, UT
987 S West Temple
Salt Lake City, UT 84101
Investment Advice (NAICS code 523930)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: UT-02
Similar Companies near Salt Lake City
In the Salt Lake City area, 3 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 174) and received an average PPP loan of $898,872 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Refined Wealth Management, LLC
Salt Lake City, UT
Retirement Plan Consultants, Inc.
Salt Lake City, UT
Industry PPP Comparison Statistics
Nationwide, 23,666 businesses in the "Investment Advice" industry received a total of $1,215,210,168.00 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 3 employees, 98% lower than Midwest Commercial Interiors' reported 174 employees, and received an average PPP loan of $51,348, 98% lower than this company's loan of $2.6M.
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Footnotes & Information
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