PPP Loan Data — Momentum Manfacturing Group LLC, Saint Johnsbury, VT
Momentum Manfacturing Group LLC is a limited liability company (LLC) located at 210 Pierce Rd in Saint Johnsbury, Vermont that received a Coronavirus-related PPP loan from the SBA of $5,585,110.00 in April, 2020.
$ PPP Loan Information
Lender:WINTRUST BANK, NATIONAL ASSOCIATION
Momentum Manfacturing Group LLC in Saint Johnsbury, VT received a Paycheck Protection Loan of $5.59M through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Momentum Manfacturing Group LLC's total 2019 payroll expenses were approximately $26.81M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $53,617 per employee1.
Business Information - Momentum Manfacturing Group LLC in Saint Johnsbury, VT
210 Pierce Rd
Saint Johnsbury, VT 05819
Machine Shops (NAICS code 332710)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VT-
Similar Companies near Saint Johnsbury
In the Saint Johnsbury area, 2 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 252 employees (compared to this company's 500) and received an average PPP loan of $2,808,805 (compared to this company's $5.59M).
Similar Nearby Businesses Who Received PPP Funding:
T J Mold & Tool
Saint Johnsbury, VT
Industry PPP Comparison Statistics
Nationwide, 9,651 businesses in the "Machine Shops" industry received a total of $1,842,411,346.00 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 14 employees, 97% lower than Momentum Manfacturing Group LLC's reported 500 employees, and received an average PPP loan of $190,904, 97% lower than this company's loan of $5.59M.
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Footnotes & Information
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