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PPP Loan Data — Barnes International, Inc., Rockford, IL

SBA PPP loan data, payroll data, and salaries for Barnes International, Inc.

Barnes International, Inc.

Entity: Subchapter S Corporation

Industry: Industrial Mold Manufacturing

Location: Rockford, IL

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Barnes International, Inc. is a subchapter s corporation located at 814 Chestnut Street in Rockford, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,575,900.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least 153 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Barnes International, Inc. in Rockford, IL received a Paycheck Protection Loan of $2.58M through NORTHWEST BANK OF ROCKFORD, which was approved in April, 2020.

Based on standard PPP eligibility rules, Barnes International, Inc.'s total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.

Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $80,813 per employee1.

Because the loan received by Barnes International, 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 - Barnes International, Inc. in Rockford, IL

Barnes International, Inc.
814 Chestnut Street
Rockford, IL 61102

Business Industry

Industrial Mold Manufacturing (NAICS code 333511)

Business Owner Demographics

Race / Ethnicity: WHITE


Veteran Status: Unreported

Congressional District: IL-17

Industry PPP Comparison Statistics

Nationwide, 709 businesses in the "Industrial Mold Manufacturing" industry received a total of $233,949,824.00 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 24 employees, 84% lower than Barnes International, Inc.'s reported 153 employees, and received an average PPP loan of $329,972, 87% lower than this company's loan of $2.58M.

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.

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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 - The Civil Employee's Resource **