PPP Loan Data — EZ Facilities Inc, Hoffman Estates, IL
EZ Facilities Inc
Location: Hoffman Estates, ILTweet This • Search All PPP Data
EZ Facilities Inc is a corporation located at 2300 Barrington Rd Ste 400 in Hoffman Estates, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,441.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
EZ Facilities Inc in Hoffman Estates, IL received a Paycheck Protection Loan of $25,441 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, EZ Facilities Inc's 2019 payroll expenses are estimated to be at least $122,117.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,529 per employee1
Reported PPP Proceed Usage:
On the PPP application, EZ Facilities Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,441
Business Information - EZ Facilities Inc in Hoffman Estates, IL
2300 Barrington Rd Ste 400
Hoffman Estates, IL 60169
Computer and Office Machine Repair and Maintenance
NAICS code 811212
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hoffman Estates
In the Hoffman Estates area, 3 businesses in the "Computer and Office Machine Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $16,290 (compared to this company's $25,441).
Similar Nearby Businesses Who Received PPP Funding:
Chris Austin DBA Suntechnologies
EZ Facilities Inc
Hoffman Est, IL
Industry PPP Comparison Statistics
Nationwide, 7,788 businesses in the "Computer and Office Machine Repair and Maintenance" industry received a total of $293.89M 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 4 employees, the same amount reported by EZ Facilities Inc and received an average PPP loan of $37,736, 48% higher than this company's loan of $25,441.
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