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PPP Loan Data — Flood Bros Disposal Co., Oakbrook Terrace, IL

SBA PPP loan data, payroll data, and salaries for Flood Bros Disposal Co.
IL

Flood Bros Disposal Co.

Entity: Corporation

Industry: Solid Waste Collection

Location: Oakbrook Terrace, IL

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Flood Bros Disposal Co. is a corporation located at 17w609 14th Street in Oakbrook Terrace, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,234,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.23M

Jobs Retained:

201

Loan Approved:

2020-04-07

Lender:

BYLINE BANK

Flood Bros Disposal Co. in Oakbrook Terrace, IL received a Paycheck Protection Loan of $3.23M through BYLINE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Flood Bros Disposal Co.'s total 2019 payroll expenses were approximately $15.53M in order to qualify for the PPP loan amount received.

Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $77,239 per employee1.

Because the loan received by Flood Bros Disposal Co. 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 - Flood Bros Disposal Co. in Oakbrook Terrace, IL

Flood Bros Disposal Co.
17w609 14th Street
Oakbrook Terrace, IL 60181

Business Industry

Solid Waste Collection (NAICS code 562111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-08

Industry PPP Comparison Statistics

Nationwide, 2,503 businesses in the "Solid Waste Collection" industry received a total of $523,743,053.00 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 17 employees, 92% lower than Flood Bros Disposal Co.'s reported 201 employees, and received an average PPP loan of $209,246, 94% lower than this company's loan of $3.23M.

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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/flood-bros-disposal-co-oakbrook-terrace-il