PPP Loan Data — MT Carmel Stabilization Group, Inc, Mount Carmel, IL
MT Carmel Stabilization Group, Inc is a subchapter s corporation located at 1611 College Dr in Mount Carmel, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,473,000.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST MID BANK & TRUST, NATIONAL ASSOCIATION
MT Carmel Stabilization Group, Inc received a Paycheck Protection Loan of $2.47M through FIRST MID BANK & TRUST, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, MT Carmel Stabilization Group, Inc's total 2019 payroll expenses were approximately $11.87M in order to qualify for the PPP loan amount received.
Based on their reported 293 jobs retained, this equals an estimated average yearly compensation of $40,513 per employee1.
Business Information - MT Carmel Stabilization Group, Inc in Mount Carmel, IL
1611 College Dr
Mount Carmel, IL 62863
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-15
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, 91% lower than MT Carmel Stabilization Group, Inc's reported 293 employees, and received an average PPP loan of $405,656, 84% lower than this company's loan of $2.47M.
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Footnotes & Information
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