PPP Loan Data — Greenfield Products, LLC, Hazel Crest, IL
Greenfield Products, LLC
Entity: Limited Liability Company (LLC)
Location: Hazel Crest, ILTweet This • Search All PPP Data
Greenfield Products, LLC is a limited liability company (LLC) located at 3111 W 167th St in Hazel Crest, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,519,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fifth Third Bank
Greenfield Products, LLC in Hazel Crest, IL received a Paycheck Protection Loan of $1.52M through Fifth Third Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.
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, Greenfield Products, LLC's 2019 payroll expenses are estimated to be at least $7.3M.
Based on their reported 114 jobs retained, this equals an estimated average yearly compensation of $63,996 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greenfield Products, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,519,900
Business Information - Greenfield Products, LLC in Hazel Crest, IL
3111 W 167th St
Hazel Crest, IL 60429
Overhead Traveling Crane, Hoist, and Monorail System Manufacturing
NAICS code 333923
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hazel Crest
In the Hazel Crest area, 2 businesses in the "Overhead Traveling Crane, Hoist, and Monorail System Manufacturing" industry received a PPP loan. These local businesses reported an average of 223 employees (compared to this company's 114) and received an average PPP loan of $4,396,900 (compared to this company's $1.52M).
Similar Nearby Businesses Who Received PPP Funding:
Mi-Jack Products, Inc
Hazel Crest, IL
Industry PPP Comparison Statistics
Nationwide, 472 businesses in the "Overhead Traveling Crane, Hoist, and Monorail System Manufacturing" industry received a total of $167.01M 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 25 employees, 78% lower than Greenfield Products, LLC's reported 114 employees, and received an average PPP loan of $353,836, 77% lower than this company's loan of $1.52M.
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Footnotes & Information
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