PPP Loan Data — Bell Flavors & Fragrances Inc, Northbrook, IL
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
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.
Business Information - Bell Flavors & Fragrances Inc in Northbrook, IL
500 Academy Dr
Northbrook, IL 60062
All Other Basic Organic Chemical Manufacturing (NAICS code 325199)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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.
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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