PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — MT Carmel Stabilization Group, Inc, Mount Carmel, IL

SBA PPP loan data, payroll data, and salaries for MT Carmel Stabilization Group, Inc
IL

MT Carmel Stabilization Group, Inc

Entity: Subchapter S Corporation

Industry: Highway, Street, and Bridge Construction

Location: Mount Carmel, IL

Search All PPP Data

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

Loan Size:

$2.47M

Jobs Retained:

293

Loan Approved:

2020-04-27

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.

Because the loan received by MT Carmel Stabilization Group, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - MT Carmel Stabilization Group, Inc in Mount Carmel, IL

MT Carmel Stabilization Group, Inc
1611 College Dr
Mount Carmel, IL 62863

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mt-carmel-stabilization-group-inc-mount-carmel-il