PPP Loan Data — Darwill, Inc, Homer Glen, IL
Darwill, Inc is a subchapter s corporation located at 11900 W Roosevelt Rd in Homer Glen, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,375,782.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 222 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:St. Charles Bank & Trust Company, National Association
Darwill, Inc in Homer Glen, IL received a Paycheck Protection Loan of $2.38M through St. Charles Bank & Trust Company, National Association, 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 March, 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, Darwill, Inc's 2019 payroll expenses are estimated to be at least $11.4M.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $51,368 per employee1
Reported PPP Proceed Usage:
On the PPP application, Darwill, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,781,837
- Rent: $237,578
- Health Care: $356,367
Business Information - Darwill, Inc in Homer Glen, IL
11900 W Roosevelt Rd
Homer Glen, IL 60491
Commercial Printing (except Screen and Books)
NAICS code 323111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 23,988 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $3.07B 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, 95% lower than Darwill, Inc's reported 222 employees, and received an average PPP loan of $128,160, 95% lower than this company's loan of $2.38M.
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Footnotes & Information
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