PPP Loan Data — Burke America Parts Group LLC, Chicago, IL
Burke America Parts Group LLC
Entity: Limited Liability Company (LLC)
Location: Chicago, ILTweet This • Search All PPP Data
Burke America Parts Group LLC is a limited liability company (LLC) located at 5852 W. 51st Street in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,158,233.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Burke America Parts Group LLC in Chicago, IL received a Paycheck Protection Loan of $3.16M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Burke America Parts Group LLC's total 2019 payroll expenses were approximately $15.16M in order to qualify for the PPP loan amount received.
Based on their reported 365 jobs retained, this equals an estimated average yearly compensation of $41,533 per employee1.
Business Information - Burke America Parts Group LLC in Chicago, IL
5852 W. 51st Street
Chicago, IL 60638
Other Electronic Parts and Equipment Merchant Wholesalers (NAICS code 423690)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-03
Industry PPP Comparison Statistics
Nationwide, 2,976 businesses in the "Other Electronic Parts and Equipment Merchant Wholesalers" industry received a total of $458,980,945.00 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 11 employees, 97% lower than Burke America Parts Group LLC's reported 365 employees, and received an average PPP loan of $154,227, 95% lower than this company's loan of $3.16M.
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, 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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