PPP Loan Data — A. Epstein & Sons International, Inc., Chicago, IL
A. Epstein & Sons International, Inc. is a corporation located at 600 W. Fulton St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,439,000.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
A. Epstein & Sons International, Inc. in Chicago, IL received a Paycheck Protection Loan of $2.44M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, A. Epstein & Sons International, Inc.'s total 2019 payroll expenses were approximately $11.71M in order to qualify for the PPP loan amount received.
Based on their reported 133 jobs retained, this equals an estimated average yearly compensation of $88,024 per employee1.
Business Information - A. Epstein & Sons International, Inc. in Chicago, IL
600 W. Fulton St
Chicago, IL 60661
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 6 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 133) and received an average PPP loan of $1,376,224 (compared to this company's $2.44M).
Similar Nearby Businesses Who Received PPP Funding:
David Mason + Associates Of Illinois, LTD
Collins Engineers, Incorporated
See Design LLC
2IM Group, LLC
Orion Engineers, LLC
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 89% lower than A. Epstein & Sons International, Inc.'s reported 133 employees, and received an average PPP loan of $249,856, 90% lower than this company's loan of $2.44M.
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.
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