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

PPP Loan Data — Bell Flavors & Fragrances Inc, Northbrook, IL

SBA PPP loan data, payroll data, and salaries for Bell Flavors & Fragrances Inc
IL

Bell Flavors & Fragrances Inc

Entity: Corporation

Industry: All Other Basic Organic Chemical Manufacturing

Location: Northbrook, IL

Search All PPP Data

Bell Flavors & Fragrances Inc is a corporation located at 500 Academy Dr in Northbrook, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,155,832.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$5.16M

Jobs Retained:

350

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Bell Flavors & Fragrances Inc received a Paycheck Protection Loan of $5.16M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Bell Flavors & Fragrances Inc's total 2019 payroll expenses were approximately $24.75M in order to qualify for the PPP loan amount received.

Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $70,709 per employee1.

Because the loan received by Bell Flavors & Fragrances 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 - Bell Flavors & Fragrances Inc in Northbrook, IL

Bell Flavors & Fragrances Inc
500 Academy Dr
Northbrook, IL 60062

Business Industry

All Other Basic Organic Chemical Manufacturing (NAICS code 325199)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-10

Similar Companies near Northbrook

In the Northbrook area, 2 businesses in the "All Other Basic Organic Chemical Manufacturing" industry received a PPP loan. These local businesses reported an average of 199 employees (compared to this company's 350) and received an average PPP loan of $2,973,166 (compared to this company's $5.16M).

Similar Nearby Businesses Who Received PPP Funding:

CTE Global, Inc.
Northbrook, IL

$790,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 494 businesses in the "All Other Basic Organic Chemical Manufacturing" industry received a total of $174,933,064.00 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 19 employees, 95% lower than Bell Flavors & Fragrances Inc's reported 350 employees, and received an average PPP loan of $354,116, 93% lower than this company's loan of $5.16M.

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.

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.


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/bell-flavors-and-fragrances-inc-northbrook-il