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

PPP Loan Data — Pepsi Midamerica Company, Marion, IL

SBA PPP loan data, payroll data, and salaries for Pepsi Midamerica Company
IL

Pepsi Midamerica Company

Entity: Corporation

Industry: Soft Drink Manufacturing

Location: Marion, IL

Search All PPP Data

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

Loan Size:

$6.47M

Jobs Retained:

500

Loan Approved:

2020-04-14

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.

Because the loan received by Pepsi Midamerica Company 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 - Pepsi Midamerica Company in Marion, IL

Pepsi Midamerica Company
2605 W Main St
Marion, IL 62959

Business Industry

Soft Drink Manufacturing (NAICS code 312111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

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, 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/pepsi-midamerica-company-marion-il