PPP Loan Data — ALP Lighting & Ceiling Products, Inc., Niles, IL
ALP Lighting & Ceiling Products, Inc.
Location: Niles, ILTweet This • Search All PPP Data
ALP Lighting & Ceiling Products, Inc. is a corporation located at 6333 W Gross Point Road in Niles, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,124,678.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
ALP Lighting & Ceiling Products, Inc. in Niles, IL received a Paycheck Protection Loan of $4.12M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, ALP Lighting & Ceiling Products, Inc.'s total 2019 payroll expenses were approximately $19.8M in order to qualify for the PPP loan amount received.
Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $71,734 per employee1.
Business Information - ALP Lighting & Ceiling Products, Inc. in Niles, IL
6333 W Gross Point Road
Niles, IL 60714
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-09
Industry PPP Comparison Statistics
Nationwide, 688 businesses in the "Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing" industry received a total of $189,320,355.00 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 20 employees, 93% lower than ALP Lighting & Ceiling Products, Inc.'s reported 276 employees, and received an average PPP loan of $275,175, 93% lower than this company's loan of $4.12M.
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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