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PPP Loan Data — Integrated Building Industries, Inc., Elmhurst, IL

SBA PPP loan data, payroll data, and salaries for Integrated Building Industries, Inc.
IL

Integrated Building Industries, Inc.

Entity: Subchapter S Corporation

Industry: Glass and Glazing Contractors

Location: Elmhurst, IL

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Integrated Building Industries, Inc. is a subchapter s corporation located at 832 Industrial Dr in Elmhurst, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,197,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.2M

Jobs Retained:

159

Loan Approved:

2020-04-09

Lender:

OLD SECOND NATIONAL BANK

Integrated Building Industries, Inc. in Elmhurst, IL received a Paycheck Protection Loan of $3.2M through OLD SECOND NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Integrated Building Industries, Inc.'s total 2019 payroll expenses were approximately $15.35M in order to qualify for the PPP loan amount received.

Based on their reported 159 jobs retained, this equals an estimated average yearly compensation of $96,525 per employee1.

Because the loan received by Integrated Building Industries, Inc. 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 - Integrated Building Industries, Inc. in Elmhurst, IL

Integrated Building Industries, Inc.
832 Industrial Dr
Elmhurst, IL 60126

Business Industry

Glass and Glazing Contractors (NAICS code 238150)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-05

Similar Companies near Elmhurst

In the Elmhurst area, 4 businesses in the "Glass and Glazing Contractors" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 159) and received an average PPP loan of $1,089,375 (compared to this company's $3.2M).

Industry PPP Comparison Statistics

Nationwide, 4,243 businesses in the "Glass and Glazing Contractors" industry received a total of $685,715,074.00 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 11 employees, 93% lower than Integrated Building Industries, Inc.'s reported 159 employees, and received an average PPP loan of $161,611, 95% lower than this company's loan of $3.2M.

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/integrated-building-industries-inc-elmhurst-il