PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Dalmares Produce Inc, Chicago, IL

ALERT: There are 2 PPP loans for a total of $1.27M in our database for businesses with the name "Dalmares Produce Inc" in Chicago, IL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Dalmares Produce Inc
IL

Dalmares Produce Inc

Entity: Corporation

Industry: Fresh Fruit and Vegetable Merchant Wholesalers

Location: Chicago, IL

Search All PPP Data

Dalmares Produce Inc is a corporation located at 1314 W 21st St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $635,534.00 in January, 2021.

$ PPP Loan Information
Loan #8900198308

Loan Size:

$635,534

Jobs Retained:

45

Loan Approved:

2021-01-30

Loan Status:

Ongoing Loan

Lender:

Evergreen Bank Group

Dalmares Produce Inc in Chicago, IL received a Paycheck Protection Loan of $635,534 through Evergreen Bank Group, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Dalmares Produce Inc's 2019 payroll expenses are estimated to be at least $3.05M.

Based on their reported 45 jobs retained, this equals an estimated average yearly compensation of $67,790 per employee1

Reported PPP Proceed Usage:

On the PPP application, Dalmares Produce Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $635,532
  • Utilities: $1

Business Information - Dalmares Produce Inc in Chicago, IL

Dalmares Produce Inc
1314 W 21st St
Chicago, IL 60608

Business Industry:
Fresh Fruit and Vegetable Merchant Wholesalers
NAICS code 424480

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Cook County, IL — SBA Office 0507 — Congressional District: IL-04

Similar Companies near Chicago

In the Chicago area, 25 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 45) and received an average PPP loan of $404,217 (compared to this company's $635,534).

Industry PPP Comparison Statistics

Nationwide, 3,844 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a total of $787.83M 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 21 employees, 53% lower than Dalmares Produce Inc's reported 45 employees, and received an average PPP loan of $204,950, 68% lower than this company's loan of $635,534.

SBA PPP loan data, payroll data, and salaries for Dalmares Produce, Inc
IL

Dalmares Produce, Inc

Entity: Corporation

Industry: Supermarkets and Other Grocery (except Convenience) Stores

Location: Chicago, IL

Search All PPP Data

Dalmares Produce, Inc is a corporation located at 1314 West 21st Street in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $635,534.00 in April, 2020.

$ PPP Loan Information
Loan #2909847109

Loan Size:

$635,534

Jobs Retained:

43

Loan Approved:

2020-04-11

Loan Status:

Ongoing Loan

Lender:

Evergreen Bank Group

Dalmares Produce, Inc in Chicago, IL received a Paycheck Protection Loan of $635,534 through Evergreen Bank Group, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Dalmares Produce, Inc's 2019 payroll expenses are estimated to be at least $3.05M.

Based on their reported 43 jobs retained, this equals an estimated average yearly compensation of $70,943 per employee1

Reported PPP Proceed Usage:

On the PPP application, Dalmares Produce, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $635,534

Business Information - Dalmares Produce, Inc in Chicago, IL

Dalmares Produce, Inc
1314 West 21st Street
Chicago, IL 60608

Business Industry:
Supermarkets and Other Grocery (except Convenience) Stores
NAICS code 445110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Cook County, IL — SBA Office 0507 — Congressional District: IL-04

Similar Companies near Chicago

In the Chicago area, 31 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 43) and received an average PPP loan of $201,649 (compared to this company's $635,534).

Industry PPP Comparison Statistics

Nationwide, 24,912 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2.26B 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 18 employees, 58% lower than Dalmares Produce, Inc's reported 43 employees, and received an average PPP loan of $90,589, 86% lower than this company's loan of $635,534.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/dalmares-produce-inc-chicago-il