PPP Loan Data — Senior Midwest Direct Inc., Lemont, IL
Senior Midwest Direct Inc. is a corporation located at 1005 101st Street Suite A in Lemont, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,755,387.00 in April, 2020.
$ PPP Loan Information
Lender:WEST SUBURBAN BANK
Senior Midwest Direct Inc. in Lemont, IL received a Paycheck Protection Loan of $2.76M through WEST SUBURBAN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Senior Midwest Direct Inc.'s total 2019 payroll expenses were approximately $13.23M in order to qualify for the PPP loan amount received.
Based on their reported 352 jobs retained, this equals an estimated average yearly compensation of $37,573 per employee1.
Business Information - Senior Midwest Direct Inc. in Lemont, IL
1005 101st Street Suite A
Lemont, IL 60439
Commercial Printing (except Screen and Books) (NAICS code 323111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-11
Similar Companies near Lemont
In the Lemont area, 3 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 124 employees (compared to this company's 352) and received an average PPP loan of $960,227 (compared to this company's $2.76M).
Similar Nearby Businesses Who Received PPP Funding:
Southwest Digital Printing Inc
Industry PPP Comparison Statistics
Nationwide, 13,022 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $1,940,592,408.00 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 12 employees, 97% lower than Senior Midwest Direct Inc.'s reported 352 employees, and received an average PPP loan of $149,024, 95% lower than this company's loan of $2.76M.
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.
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!