PPP Loan Data — A. Lava & Son Co., Chicago, IL
A. Lava & Son Co. is a corporation located at 4800 S. Kilbourn Ave. in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,782,965.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 350 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
A. Lava & Son Co. in Chicago, IL received a Paycheck Protection Loan of $2.78M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, A. Lava & Son Co.'s total 2019 payroll expenses were approximately $13.36M in order to qualify for the PPP loan amount received.
Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $38,166 per employee1.
Business Information - A. Lava & Son Co. in Chicago, IL
4800 S. Kilbourn Ave.
Chicago, IL 60632
Mattress Manufacturing (NAICS code 337910)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IL-04
Similar Companies near Chicago
In the Chicago area, 3 businesses in the "Mattress Manufacturing" industry received a PPP loan. These local businesses reported an average of 124 employees (compared to this company's 350) and received an average PPP loan of $1,028,264 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Golden Mattress Plus
Mattress Land LLC
Industry PPP Comparison Statistics
Nationwide, 347 businesses in the "Mattress Manufacturing" industry received a total of $102,722,329.00 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 24 employees, 93% lower than A. Lava & Son Co.'s reported 350 employees, and received an average PPP loan of $296,030, 89% lower than this company's loan of $2.78M.
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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