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PPP Loan Data — Flavorchem Corporation, Downers Grove, IL

SBA PPP loan data, payroll data, and salaries for Flavorchem Corporation

Flavorchem Corporation

Entity: Subchapter S Corporation

Industry: All Other Miscellaneous Food Manufacturing

Location: Downers Grove, IL

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Flavorchem Corporation is a subchapter s corporation located at 1525 Brook Dr, Downers Grove, Il 60515-1024 in Downers Grove, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,435,371.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Flavorchem Corporation in Downers Grove, IL received a Paycheck Protection Loan of $4.44M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Flavorchem Corporation's total 2019 payroll expenses were approximately $21.29M in order to qualify for the PPP loan amount received.

Based on their reported 319 jobs retained, this equals an estimated average yearly compensation of $66,739 per employee1.

Because the loan received by Flavorchem Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Flavorchem Corporation in Downers Grove, IL

Flavorchem Corporation
1525 Brook Dr, Downers Grove, Il 60515-1024
Downers Grove, IL 60515

Business Industry

All Other Miscellaneous Food Manufacturing (NAICS code 311999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-06

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 Flavorchem Corporation's reported 319 employees, and received an average PPP loan of $186,113, 96% lower than this company's loan of $4.44M.

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, and is published unmodified, as provided by the SBA.

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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 - The Civil Employee's Resource **