PPP Loan Data — Connor Co, Peoria, IL
Entity: Subchapter S Corporation
Location: Peoria, ILTweet This • Search All PPP Data
Connor Co is a subchapter s corporation located at 2800 Ne Adams in Peoria, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,930,000.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 273 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE FARMERS AND MECHANICS BANK
Connor Co received a Paycheck Protection Loan of $3.93M through THE FARMERS AND MECHANICS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Connor Co's total 2019 payroll expenses were approximately $18.86M in order to qualify for the PPP loan amount received.
Based on their reported 273 jobs retained, this equals an estimated average yearly compensation of $69,099 per employee1.
Business Information - Connor Co in Peoria, IL
2800 Ne Adams
Peoria, IL 61603
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: IL-18
Similar Companies near Peoria
In the Peoria area, 2 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 137 employees (compared to this company's 273) and received an average PPP loan of $2,053,250 (compared to this company's $3.93M).
Similar Nearby Businesses Who Received PPP Funding:
Peoria Pump Inc.
Industry PPP Comparison Statistics
Nationwide, 2,431 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $601,862,879.00 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 16 employees, 94% lower than Connor Co's reported 273 employees, and received an average PPP loan of $247,578, 94% lower than this company's loan of $3.93M.
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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