PPP Loan Data — Dynamic Utility Solutions LLC, Lombard, IL
Dynamic Utility Solutions LLC
Entity: Limited Liability Company (LLC)
Location: Lombard, ILTweet This • Search All PPP Data
Dynamic Utility Solutions LLC is a limited liability company (LLC) located at 207 Eisenhower Lane S, Unit C in Lombard, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,624,400.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 74 people during the applicable loan loan period.
$ PPP Loan Information
Lender:AMERICAN COMMUNITY BANK & TRUST
Dynamic Utility Solutions LLC in Lombard, IL received a Paycheck Protection Loan of $2.62M through AMERICAN COMMUNITY BANK & TRUST, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 74 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 126.
Based on standard PPP eligibility rules, Dynamic Utility Solutions LLC's total 2019 payroll expenses were approximately $12.6M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 74 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Dynamic Utility Solutions LLC in Lombard, IL
207 Eisenhower Lane S, Unit C
Lombard, IL 60148
Power and Communication Line and Related Structures Construction (NAICS code 237130)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IL-08
Industry PPP Comparison Statistics
Nationwide, 2,531 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $727,350,112.00 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 20 employees, 73% lower than Dynamic Utility Solutions LLC's reported 74 employees, and received an average PPP loan of $287,377, 89% lower than this company's loan of $2.62M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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