PPP Loan Data — Midwest Community Protection Agency LLC, South Bend, IN
Midwest Community Protection Agency LLC is a limited liability company (LLC) located at 4560 S Ironwood Dr in South Bend, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,305.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Midwest Community Protection Agency LLC in South Bend, IN received a Paycheck Protection Loan of $25,305 through Kabbage, Inc., which was approved in August, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Midwest Community Protection Agency LLC's 2019 payroll expenses are estimated to be at least $121,464.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,183 per employee1
Reported PPP Proceed Usage:
On the PPP application, Midwest Community Protection Agency LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,305
Business Information - Midwest Community Protection Agency LLC in South Bend, IN
4560 S Ironwood Dr
South Bend, IN 46614
Security Systems Services (except Locksmiths)
NAICS code 561621
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 9,089 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $1.11B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 50% higher than Midwest Community Protection Agency LLC's reported 8 employees, and received an average PPP loan of $122,118, 383% higher than this company's loan of $25,305.
FederalPay's PPP Information Policy
Footnotes & Information
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