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PPP Loan Data — CA Fortune Sales & Marketing, LLC, Elk Grove Village, IL

SBA PPP loan data, payroll data, and salaries for CA Fortune Sales & Marketing, LLC
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:

$3.67M

Jobs Retained:

266

Loan Approved:

2020-04-06

Lender:

THE FIRST NATIONAL BANK OF OTTAWA

CA 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.

Because the loan received by CA Fortune Sales & Marketing, LLC 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 - CA Fortune Sales & Marketing, LLC in Elk Grove Village, IL

CA Fortune Sales & Marketing, LLC
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-08

Similar 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).

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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ca-fortune-sales-and-marketing-llc-elk-grove-village-il