PPP Loan Data — Vestil Manufacturing Corp., Angola, IN
Vestil Manufacturing Corp. is a subchapter s corporation located at 2999 North Wayne St in Angola, Indiana that received a Coronavirus-related PPP loan from the SBA of $4,833,700.00 in April, 2020.
$ PPP Loan Information
Lender:FARMERS STATE BANK
Vestil Manufacturing Corp. received a Paycheck Protection Loan of $4.83M through FARMERS STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vestil Manufacturing Corp.'s total 2019 payroll expenses were approximately $23.2M in order to qualify for the PPP loan amount received.
Based on their reported 471 jobs retained, this equals an estimated average yearly compensation of $49,261 per employee1.
Business Information - Vestil Manufacturing Corp. in Angola, IN
2999 North Wayne St
Angola, IN 46703
All Other Miscellaneous Manufacturing (NAICS code 339999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-03
Similar Companies near Angola
In the Angola area, 2 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 238 employees (compared to this company's 471) and received an average PPP loan of $2,435,200 (compared to this company's $4.83M).
Similar Nearby Businesses Who Received PPP Funding:
Moyer Manufacturing Company Inc.
Industry PPP Comparison Statistics
Nationwide, 8,697 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $1,285,606,911.00 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 Vestil Manufacturing Corp.'s reported 471 employees, and received an average PPP loan of $147,822, 97% lower than this company's loan of $4.83M.
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Footnotes & Information
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