PPP Loan Data — Vermeer Midwest, Inc., Goodfield, IL
Vermeer Midwest, Inc.
Entity: Subchapter S Corporation
Location: Goodfield, ILTweet This • Search All PPP Data
Vermeer Midwest, Inc. is a subchapter s corporation located at 120 E. Martin Dr in Goodfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,955,000.00 in April, 2020.
$ PPP Loan Information
Vermeer Midwest, Inc. in Goodfield, IL received a Paycheck Protection Loan of $3.96M through FORTRESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vermeer Midwest, Inc.'s total 2019 payroll expenses were approximately $18.98M in order to qualify for the PPP loan amount received.
Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $82,900 per employee1.
Business Information - Vermeer Midwest, Inc. in Goodfield, IL
120 E. Martin Dr
Goodfield, IL 61742
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (NAICS code 532412)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-18
Industry PPP Comparison Statistics
Nationwide, 1,846 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a total of $463,210,891.00 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 16 employees, 93% lower than Vermeer Midwest, Inc.'s reported 229 employees, and received an average PPP loan of $250,927, 94% lower than this company's loan of $3.96M.
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Footnotes & Information
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