PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — American Distributors LLC, Bensenville, IL

SBA PPP loan data, payroll data, and salaries for American Distributors LLC
IL

American Distributors LLC

Entity: Limited Liability Company (LLC)

Industry: Executive Search Services

Location: Bensenville, IL

Search All PPP Data

American Distributors LLC is a limited liability company (LLC) located at 1040 Bryn Mawr Ave in Bensenville, Illinois that received a Coronavirus-related PPP loan from the SBA of $24,979.00 in May, 2020.

$ PPP Loan Information
Loan #8476427309

Loan Size:

$24,979

Jobs Retained:

7

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

American Distributors LLC in Bensenville, IL received a Paycheck Protection Loan of $24,979 through Bank of America, National Association, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, American Distributors LLC's 2019 payroll expenses are estimated to be at least $119,899.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,128 per employee1

Reported PPP Proceed Usage:

On the PPP application, American Distributors LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $24,979

Business Information - American Distributors LLC in Bensenville, IL

American Distributors LLC
1040 Bryn Mawr Ave
Bensenville, IL 60106

Business Industry:
Executive Search Services
NAICS code 561312

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dupage County, IL — SBA Office 0507 — Congressional District: IL-08

Industry PPP Comparison Statistics

Nationwide, 7,038 businesses in the "Executive Search Services" industry received a total of $770.55M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, 43% higher than American Distributors LLC's reported 7 employees, and received an average PPP loan of $109,485, 338% higher than this company's loan of $24,979.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/american-distributors-llc-bensenville-il