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PPP Loan Data — Eddy Hardwood Flooring Inc, Elk Grove Village, IL

SBA PPP loan data, payroll data, and salaries for Eddy Hardwood Flooring Inc
IL

Eddy Hardwood Flooring Inc

Entity: Subchapter S Corporation

Industry: Flooring Contractors

Location: Elk Grove Village, IL

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Eddy Hardwood Flooring Inc is a subchapter s corporation located at 1261 Ridge Ave in Elk Grove Village, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,875.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$1,875

Jobs Retained:

1

Loan Approved:

2020-05-14

Lender:

WEBBANK

Eddy Hardwood Flooring Inc received a Paycheck Protection Loan of $1,875 through WEBBANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, Eddy Hardwood Flooring Inc's total 2019 payroll expenses were approximately $9,000 in order to qualify for the PPP loan amount received.

Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $9,000 per employee1.

Business Information - Eddy Hardwood Flooring Inc in Elk Grove Village, IL

Eddy Hardwood Flooring Inc
1261 Ridge Ave
Elk Grove Village, IL 60007

Business Industry

Flooring Contractors (NAICS code 238330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-08

Similar Companies near Elk Grove Village

In the Elk Grove Village area, 6 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 1) and received an average PPP loan of $981,120 (compared to this company's $1,875).

Industry PPP Comparison Statistics

Nationwide, 11,459 businesses in the "Flooring Contractors" industry received a total of $864,656,941.00 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 6 employees, 500% higher than Eddy Hardwood Flooring Inc's reported 1 employees, and received an average PPP loan of $75,457, 3924% higher than this company's loan of $1,875.

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.

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Footnotes & Information

1. 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/eddy-hardwood-flooring-inc-elk-grove-village-il