PPP Loan Data — Fitzsimmons Surgical Supply Inc, Oak Forest, IL
Fitzsimmons Surgical Supply Inc is a corporation located at 4220 W 166th Street in Oak Forest, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,468,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Fitzsimmons Surgical Supply Inc in Oak Forest, IL received a Paycheck Protection Loan of $2.47M through PNC Bank, National Association, which was approved in April, 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, Fitzsimmons Surgical Supply Inc's 2019 payroll expenses are estimated to be at least $11.85M.
Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $49,577 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fitzsimmons Surgical Supply Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,468,500
Business Information - Fitzsimmons Surgical Supply Inc in Oak Forest, IL
4220 W 166th Street
Oak Forest, IL 60452
Home Health Equipment Rental
NAICS code 532283
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 977 businesses in the "Home Health Equipment Rental" industry received a total of $71.76M 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 8 employees, 97% lower than Fitzsimmons Surgical Supply Inc's reported 239 employees, and received an average PPP loan of $73,452, 97% lower than this company's loan of $2.47M.
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Footnotes & Information
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