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PPP Loan Data — Integrated Building Industries Inc,
Elmhurst, 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 N Industrial Dr in Elmhurst, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #3622688407
Loan Size:
Jobs Retained:
155Loan Approved:
2021-02-05Loan Status:
Ongoing LoanLender:
Old Second National BankIntegrated Building Industries Inc in Elmhurst, IL received a Paycheck Protection Loan of $2M through Old Second National Bank, which was approved in February, 2021.
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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Integrated Building Industries Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $61,935 per employee1
Reported PPP Proceed Usage:
On the PPP application, Integrated Building Industries Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Integrated Building Industries Inc in Elmhurst, IL
832 N Industrial Dr
Elmhurst, IL 60126
Business Industry:
Glass and Glazing Contractors
NAICS code 238150
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Elmhurst
In the Elmhurst area, 8 businesses in the "Glass and Glazing Contractors" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 155) and received an average PPP loan of $931,251 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
American Glass Tinters Corp
Elmhurst, IL
Lyle America Inc
Elmhurst, IL
Euroview Enterprises LLC
Elmhurst, IL
Contract Mirror And Supply Company
Elmhurst, IL
Industry PPP Comparison Statistics
Nationwide, 7,415 businesses in the "Glass and Glazing Contractors" industry received a total of $1.07B 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 12 employees, 92% lower than Integrated Building Industries Inc's reported 155 employees, and received an average PPP loan of $144,178, 93% lower than this company's loan of $2M.
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 #8964967001
Loan Size:
Jobs Retained:
159Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
Old Second National BankIntegrated 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.
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 June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Integrated Building Industries, Inc's 2019 payroll expenses are estimated to be at least $15.35M.
Based on their reported 159 jobs retained, this equals an estimated average yearly compensation of $96,525 per employee1
Reported PPP Proceed Usage:
On the PPP application, Integrated Building Industries, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,919,402
- Utilities: $33,400
- Rent: $244,598
Business Information - Integrated Building Industries, Inc in Elmhurst, IL
832 Industrial Dr
Elmhurst, IL 60126
Business Industry:
Glass and Glazing Contractors
NAICS code 238150
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Elmhurst
In the Elmhurst area, 8 businesses in the "Glass and Glazing Contractors" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 159) and received an average PPP loan of $931,251 (compared to this company's $3.2M).
Similar Nearby Businesses Who Received PPP Funding:
American Glass Tinters Corp
Elmhurst, IL
Lyle America Inc
Elmhurst, IL
Euroview Enterprises LLC
Elmhurst, IL
Contract Mirror And Supply Company
Elmhurst, IL
Industry PPP Comparison Statistics
Nationwide, 7,415 businesses in the "Glass and Glazing Contractors" industry received a total of $1.07B 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 12 employees, 92% lower than Integrated Building Industries, Inc's reported 159 employees, and received an average PPP loan of $144,178, 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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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