PPP Loan Data — Dutch American Foods, Inc., Beecher, IL
Dutch American Foods, Inc. is a corporation located at 1362 Dutch American Way in Beecher, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,434,907.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 280 people during the applicable loan loan period.
$ PPP Loan Information
Lender:PROVIDENCE BANK & TRUST
Dutch American Foods, Inc. received a Paycheck Protection Loan of $2.43M through PROVIDENCE BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Dutch American Foods, Inc.'s total 2019 payroll expenses were approximately $11.69M in order to qualify for the PPP loan amount received.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $41,741 per employee1.
Business Information - Dutch American Foods, Inc. in Beecher, IL
1362 Dutch American Way
Beecher, IL 60401
All Other Miscellaneous Food Manufacturing (NAICS code 311999)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IL-02
Industry PPP Comparison Statistics
Nationwide, 2,170 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a total of $403,864,198.00 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 18 employees, 94% lower than Dutch American Foods, Inc.'s reported 280 employees, and received an average PPP loan of $186,113, 92% lower than this company's loan of $2.43M.
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Footnotes & Information
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