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PPP Loan Data — Allsup Holdings, Inc., Belleville, IL

SBA PPP loan data, payroll data, and salaries for Allsup Holdings, Inc.
IL

Allsup Holdings, Inc.

Entity: Subchapter S Corporation

Industry: Third Party Administration of Insurance and Pension Funds

Location: Belleville, IL

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Allsup Holdings, Inc. is a subchapter s corporation located at 300 Allsup Place in Belleville, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,173,650.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.17M

Jobs Retained:

303

Loan Approved:

2020-04-13

Lender:

CIBC BANK USA

Allsup Holdings, Inc. received a Paycheck Protection Loan of $4.17M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Allsup Holdings, Inc.'s total 2019 payroll expenses were approximately $20.03M in order to qualify for the PPP loan amount received.

Based on their reported 303 jobs retained, this equals an estimated average yearly compensation of $66,117 per employee1.

Because the loan received by Allsup Holdings, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Allsup Holdings, Inc. in Belleville, IL

Allsup Holdings, Inc.
300 Allsup Place
Belleville, IL 62223

Business Industry

Third Party Administration of Insurance and Pension Funds (NAICS code 524292)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-12

Industry PPP Comparison Statistics

Nationwide, 871 businesses in the "Third Party Administration of Insurance and Pension Funds" industry received a total of $249,450,055.00 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 19 employees, 94% lower than Allsup Holdings, Inc.'s reported 303 employees, and received an average PPP loan of $286,395, 93% lower than this company's loan of $4.17M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/allsup-holdings-inc-belleville-il