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

PPP Loan Data — Brown Paper Goods Company, Waukegan, IL

ALERT: There are 2 PPP loans for a total of $3.91M in our database for businesses with the name "Brown Paper Goods Company" in Waukegan, IL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Brown Paper Goods Company
IL

Brown Paper Goods Company

Entity: Corporation

Industry: Paper Bag and Coated and Treated Paper Manufacturing

Location: Waukegan, IL

Search All PPP Data

Brown Paper Goods Company is a corporation located at 3530 Birchwood Dr in Waukegan, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,954,785.00 in May, 2021.

$ PPP Loan Information
Loan #5148089009

Loan Size:

$1.95M

Jobs Retained:

173

Loan Approved:

2021-05-21

Loan Status:

Ongoing Loan

Lender:

International Bank of Chicago

Brown Paper Goods Company in Waukegan, IL received a Paycheck Protection Loan of $1.95M through International Bank of Chicago, which was approved in May, 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 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, Brown Paper Goods Company's 2019 payroll expenses are estimated to be at least $9.38M.

Based on their reported 173 jobs retained, this equals an estimated average yearly compensation of $54,237 per employee1

Reported PPP Proceed Usage:

On the PPP application, Brown Paper Goods Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,954,783
  • Utilities: $1

Business Information - Brown Paper Goods Company in Waukegan, IL

Brown Paper Goods Company
3530 Birchwood Dr
Waukegan, IL 60085

Business Industry:
Paper Bag and Coated and Treated Paper Manufacturing
NAICS code 322220

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: Y

HUBZone: N

Rural / Urban: Urban

Lake County, IL — SBA Office 0507 — Congressional District: IL-10

Industry PPP Comparison Statistics

Nationwide, 451 businesses in the "Paper Bag and Coated and Treated Paper Manufacturing" industry received a total of $182.41M 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 37 employees, 79% lower than Brown Paper Goods Company's reported 173 employees, and received an average PPP loan of $404,459, 79% lower than this company's loan of $1.95M.

SBA PPP loan data, payroll data, and salaries for Brown Paper Goods Company
IL

Brown Paper Goods Company

Entity: Corporation

Industry: Paper Bag and Coated and Treated Paper Manufacturing

Location: Waukegan, IL

Search All PPP Data

Brown Paper Goods Company is a corporation located at 3530 Birchwood Drive in Waukegan, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,954,824.00 in May, 2020.

$ PPP Loan Information
Loan #4777757701

Loan Size:

$1.95M

Jobs Retained:

170

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Wells Fargo Bank, National Association

Brown Paper Goods Company in Waukegan, IL received a Paycheck Protection Loan of $1.95M through Wells Fargo Bank, National Association, which was approved in May, 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 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, Brown Paper Goods Company's 2019 payroll expenses are estimated to be at least $9.38M.

Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $55,195 per employee1

Reported PPP Proceed Usage:

On the PPP application, Brown Paper Goods Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,954,824

Business Information - Brown Paper Goods Company in Waukegan, IL

Brown Paper Goods Company
3530 Birchwood Drive
Waukegan, IL 60085

Business Industry:
Paper Bag and Coated and Treated Paper Manufacturing
NAICS code 322220

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

Lake County, IL — SBA Office 0507 — Congressional District: IL-10

Industry PPP Comparison Statistics

Nationwide, 451 businesses in the "Paper Bag and Coated and Treated Paper Manufacturing" industry received a total of $182.41M 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 37 employees, 78% lower than Brown Paper Goods Company's reported 170 employees, and received an average PPP loan of $404,459, 79% lower than this company's loan of $1.95M.

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.


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Source: www.federalpay.org/paycheck-protection-program/brown-paper-goods-company-waukegan-il