PPP Loan Data — Morton Industries LLC, Morton, IL
Morton Industries LLC
Entity: Limited Liability Company (LLC)
Location: Morton, ILTweet This • Search All PPP Data
Morton Industries LLC is a limited liability company (LLC) located at 70 Commerce Dr in Morton, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,767,700.00 in April, 2020.
$ PPP Loan Information
Lender:MORTON COMMUNITY BANK
Morton Industries LLC in Morton, IL received a Paycheck Protection Loan of $4.77M through MORTON COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Morton Industries LLC's total 2019 payroll expenses were approximately $22.88M in order to qualify for the PPP loan amount received.
Based on their reported 389 jobs retained, this equals an estimated average yearly compensation of $58,830 per employee1.
Business Information - Morton Industries LLC in Morton, IL
70 Commerce Dr
Morton, IL 61550
Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (NAICS code 331210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-18
Industry PPP Comparison Statistics
Nationwide, 804 businesses in the "Iron and Steel Pipe and Tube Manufacturing from Purchased Steel" industry received a total of $294,504,645.00 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 27 employees, 93% lower than Morton Industries LLC's reported 389 employees, and received an average PPP loan of $366,299, 92% lower than this company's loan of $4.77M.
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