PPP Loan Data — Pepsi Midamerica Company, Marion, IL
Pepsi Midamerica Company is a corporation located at 2605 W Main St in Marion, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,465,910.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Pepsi Midamerica Company in Marion, IL received a Paycheck Protection Loan of $6.47M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pepsi Midamerica Company's total 2019 payroll expenses were approximately $31.04M 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 $62,073 per employee1.
Business Information - Pepsi Midamerica Company in Marion, IL
2605 W Main St
Marion, IL 62959
Soft Drink Manufacturing (NAICS code 312111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-12
Industry PPP Comparison Statistics
Nationwide, 456 businesses in the "Soft Drink Manufacturing" industry received a total of $182,763,342.00 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 32 employees, 94% lower than Pepsi Midamerica Company's reported 500 employees, and received an average PPP loan of $400,797, 94% lower than this company's loan of $6.47M.
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Footnotes & Information
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