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PPP Loan Data — Arlington Specialties Inc,
Elk Grove Village, IL
Arlington Specialties Inc
Entity: Subchapter S Corporation
Industry: All Other Miscellaneous Manufacturing
Location: Elk Grove Village, IL
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Arlington Specialties Inc is a subchapter s corporation located at 1515 Carmen Dr in Elk Grove Village, Illinois that received a Coronavirus-related PPP loan from the SBA of $246,117.00 in March, 2021.
The company has reported itself as a female owned business, and employed at least fourteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #7212718507
Loan Size:
Jobs Retained:
14Loan Approved:
2021-03-05Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationArlington Specialties Inc in Elk Grove Village, IL received a Paycheck Protection Loan of $246,117 through JPMorgan Chase Bank, National Association, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Arlington Specialties Inc's 2019 payroll expenses are estimated to be at least $1.18M.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $84,383 per employee1
Reported PPP Proceed Usage:
On the PPP application, Arlington Specialties Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $246,114
- Utilities: $1
Business Information - Arlington Specialties Inc in Elk Grove Village, IL
1515 Carmen Dr
Elk Grove Village, IL 60007
Business Industry:
All Other Miscellaneous Manufacturing
NAICS code 339999
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Elk Grove Village
In the Elk Grove Village area, 15 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 14) and received an average PPP loan of $398,777 (compared to this company's $246,117).
Similar Nearby Businesses Who Received PPP Funding:
Brooke Graphics LLC
Elk Grove Village, IL
Superior Exhibits & Design Inc
Elk Grove Village, IL
Genband Industries, LLC
Elk Grove Village, IL
ISK Industries Inc
Rolling Meadows, IL
Universal Broaching Inc
Elk Grove Village, IL
Angela Manufacturing Corp
Elk Grove Village, IL
Superior Exhibits & Design, Inc
Elk Grove, IL
Stern Pinball Inc
Elk Grove Village, IL
Industry PPP Comparison Statistics
Nationwide, 16,621 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $2.04B 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 12 employees, 14% lower than Arlington Specialties Inc's reported 14 employees, and received an average PPP loan of $122,768, 50% lower than this company's loan of $246,117.
Arlington Specialties, Inc
Entity: Subchapter S Corporation
Industry: Electronic Shopping and Mail-Order Houses
Location: Elk Grove Village, IL
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Arlington Specialties, Inc is a subchapter s corporation located at 1515 Carmen Dr in Elk Grove Village, Illinois that received a Coronavirus-related PPP loan from the SBA of $247,837.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least fourteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #6323187102
Loan Size:
Jobs Retained:
14Loan Approved:
2020-04-14Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationArlington Specialties, Inc in Elk Grove Village, IL received a Paycheck Protection Loan of $247,837 through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Arlington Specialties, Inc's 2019 payroll expenses are estimated to be at least $1.19M.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $84,973 per employee1
Reported PPP Proceed Usage:
On the PPP application, Arlington Specialties, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $176,680
- Utilities: $2,000
- Rent: $45,567
- Health Care: $21,590
- Debt Interest: $2,000
Business Information - Arlington Specialties, Inc in Elk Grove Village, IL
1515 Carmen Dr
Elk Grove Village, IL 60007
Business Industry:
Electronic Shopping and Mail-Order Houses
NAICS code 454110
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Elk Grove Village
In the Elk Grove Village area, 10 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 14) and received an average PPP loan of $565,648 (compared to this company's $247,837).
Similar Nearby Businesses Who Received PPP Funding:
Design Toscano Inc
Elk Grove Village, IL
Kara Branstrom
Elk Grove Village, IL
Sam Electronics Inc
Rolling Mdws, IL
Carlos Lasso
Elk Grove Village, IL
Elzay Inc
Rolling Meadows, IL
Winston Brands, Inc
Elk Grove Village, IL
Nettradez
Rolling Meadows, IL
It Supplies Incorporated
Rolling Meadows, IL
Industry PPP Comparison Statistics
Nationwide, 20,185 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a total of $912.08M 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 4 employees, 71% lower than Arlington Specialties, Inc's reported 14 employees, and received an average PPP loan of $45,186, 82% lower than this company's loan of $247,837.
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.
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.
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