PPP Loan Data — Midwest School Of Welding And, Springfield, IL
Midwest School Of Welding And is a corporation located at 2731 Farmers Market Rd in Springfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,502,400.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 320 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF SPRINGFIELD
Midwest School Of Welding And in Springfield, IL received a Paycheck Protection Loan of $3.5M through BANK OF SPRINGFIELD, which was approved in April, 2020.
Based on standard PPP eligibility rules, Midwest School Of Welding And's total 2019 payroll expenses were approximately $16.81M in order to qualify for the PPP loan amount received.
Based on their reported 320 jobs retained, this equals an estimated average yearly compensation of $52,536 per employee1.
Business Information - Midwest School Of Welding And in Springfield, IL
2731 Farmers Market Rd
Springfield, IL 62707
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: IL-18
Industry PPP Comparison Statistics
Nationwide, 2,077 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $1,723,864,433.00 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 86 employees, 73% lower than Midwest School Of Welding And's reported 320 employees, and received an average PPP loan of $829,978, 76% lower than this company's loan of $3.5M.
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Footnotes & Information
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