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PPP Loan Data — CA Fortune Sales & Marketing, LLC,
Elk Grove Village, IL
CA Fortune Sales & Marketing, LLC
Entity: Limited Liability Company (LLC)
Industry: General Line Grocery Merchant Wholesalers
Location: Elk Grove Village, IL
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CA Fortune Sales & Marketing, LLC is a limited liability company (LLC) located at 1831 Howard St in Elk Grove Village, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,665,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 266 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
266Loan Approved:
2020-04-06Lender:
THE FIRST NATIONAL BANK OF OTTAWACA Fortune Sales & Marketing, LLC received a Paycheck Protection Loan of $3.67M through THE FIRST NATIONAL BANK OF OTTAWA, which was approved in April, 2020.
Based on standard PPP eligibility rules, CA Fortune Sales & Marketing, LLC's total 2019 payroll expenses were approximately $17.59M in order to qualify for the PPP loan amount received.
Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $66,143 per employee1.
Business Information - CA Fortune Sales & Marketing, LLC in Elk Grove Village, IL
1831 Howard St
Elk Grove Village, IL 60007
Business Industry
General Line Grocery Merchant Wholesalers (NAICS code 424410)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: IL-08Similar Companies near Elk Grove Village
In the Elk Grove Village area, 7 businesses in the "General Line Grocery Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 266) and received an average PPP loan of $958,640 (compared to this company's $3.67M).
Similar Nearby Businesses Who Received PPP Funding:
Sunrise Distributors Inc
Elk Grove Village, IL
T.F. Processors Inc
Elk Grove Village, IL
Carlin Group Holdco, LLC
Elk Grove Village, IL
CA Fortune Kroger, LLC
Elk Grove Village, IL
Viola Imports Inc
Elk Grove Village, IL
Anast Food Service Ing
Elk Grove Village, IL
Industry PPP Comparison Statistics
Nationwide, 4,442 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $596,799,136.00 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 14 employees, 95% lower than CA Fortune Sales & Marketing, LLC's reported 266 employees, and received an average PPP loan of $134,354, 96% lower than this company's loan of $3.67M.
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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