PPP Loan Data — Chemtechnology, LLC, St Louis, MO
Entity: Limited Liability Company (LLC)
Location: St Louis, MOTweet This • Search All PPP Data
Chemtechnology, LLC is a limited liability company (LLC) located at 13637 Amsted Dr in St Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Belleville
Chemtechnology, LLC in St Louis, MO received a Paycheck Protection Loan of $45,900 through Bank of Belleville, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Chemtechnology, LLC's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,440 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chemtechnology, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,900
Business Information - Chemtechnology, LLC in St Louis, MO
13637 Amsted Dr
St Louis, MO 63131
Other Chemical and Allied Products Merchant Wholesalers
NAICS code 424690
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near St Louis
In the St Louis area, 3 businesses in the "Other Chemical and Allied Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 3) and received an average PPP loan of $369,110 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
Hall Technologies, Inc
Saint Louis, MO
All-Type Vacuum & Janitorial Supply, Inc
St Louis, MO
Industry PPP Comparison Statistics
Nationwide, 3,270 businesses in the "Other Chemical and Allied Products Merchant Wholesalers" industry received a total of $509.15M 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 12 employees, 300% higher than Chemtechnology, LLC's reported 3 employees, and received an average PPP loan of $155,704, 239% higher than this company's loan of $45,900.
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Footnotes & Information
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