PPP Loan Data — Dreamhouse Draperies Inc, Plainfield, IL
Dreamhouse Draperies Inc is a corporation located at 16114 S Route 59 Ste 106 in Plainfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $24,950.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Dreamhouse Draperies Inc in Plainfield, IL received a Paycheck Protection Loan of $24,950 through Bank of America, National Association, which was approved in May, 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
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, Dreamhouse Draperies Inc's 2019 payroll expenses are estimated to be at least $119,760.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,920 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dreamhouse Draperies Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,950
Business Information - Dreamhouse Draperies Inc in Plainfield, IL
16114 S Route 59 Ste 106
Plainfield, IL 60586
Window Treatment Stores
NAICS code 442291
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Plainfield
In the Plainfield area, 2 businesses in the "Window Treatment Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $23,567 (compared to this company's $24,950).
Similar Nearby Businesses Who Received PPP Funding:
Northwest Blinds Inc
Industry PPP Comparison Statistics
Nationwide, 2,939 businesses in the "Window Treatment Stores" industry received a total of $128.07M 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 5 employees, 67% higher than Dreamhouse Draperies Inc's reported 3 employees, and received an average PPP loan of $43,577, 75% higher than this company's loan of $24,950.
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