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PPP Loan Data — Alpha Baking Co.,Inc, Chicago, IL

SBA PPP loan data, payroll data, and salaries for Alpha Baking Co.,Inc
IL

Alpha Baking Co.,Inc

Entity: Corporation

Industry: Commercial Bakeries

Location: Chicago, IL

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Alpha Baking Co.,Inc is a corporation located at 5001 W Polk St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$10M

Jobs Retained:

500

Loan Approved:

2020-04-13

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Alpha Baking Co.,Inc in Chicago, IL received a Paycheck Protection Loan of $10M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Alpha Baking Co.,Inc's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.

Because the loan received by Alpha Baking Co.,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 - Alpha Baking Co.,Inc in Chicago, IL

Alpha Baking Co.,Inc
5001 W Polk St
Chicago, IL 60644

Business Industry

Commercial Bakeries (NAICS code 311812)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-07

Similar Companies near Chicago

In the Chicago area, 3 businesses in the "Commercial Bakeries" industry received a PPP loan. These local businesses reported an average of 176 employees (compared to this company's 500) and received an average PPP loan of $3,403,128 (compared to this company's $10M).

Industry PPP Comparison Statistics

Nationwide, 2,425 businesses in the "Commercial Bakeries" industry received a total of $481,514,310.00 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 22 employees, 96% lower than Alpha Baking Co.,Inc's reported 500 employees, and received an average PPP loan of $198,563, 98% lower than this company's loan of $10M.

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.

Search FederalPay's Full PPP Loan Database

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/alpha-baking-co-inc-chicago-il