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PPP Loan Data — Joe Mccarthy, Glen Ellyn, IL

SBA PPP loan data, payroll data, and salaries for Joe Mccarthy
IL

Joe Mccarthy

Entity: Sole Proprietorship

Industry: Residential Remodelers

Location: Glen Ellyn, IL

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Joe Mccarthy is a sole proprietorship located in Glen Ellyn, Illinois that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in March, 2021.

$ PPP Loan Information
Loan #8647428605

Loan Size:

$20,832

Jobs Retained:

1

Loan Approved:

2021-03-25

Loan Status:

Ongoing Loan

Lender:

Capital Plus Financial, LLC

Joe Mccarthy in Glen Ellyn, IL received a Paycheck Protection Loan of $20,832 through Capital Plus Financial, LLC, which was approved in March, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Joe Mccarthy reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,830
  • Utilities: $1

Business Information - Joe Mccarthy in Glen Ellyn, IL

Joe Mccarthy
Glen Ellyn, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Residential Remodelers
NAICS code 236118

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

Dupage County, IL — SBA Office 0507 — Congressional District: IL-06

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Joe Mccarthy.

Joe's Black Top
Highway, Street, and Bridge Construction

$7,062 PPP Loan

Similar Companies near Glen Ellyn

In the Glen Ellyn area, 34 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $34,118 (compared to this company's $20,832).

Industry PPP Comparison Statistics

Nationwide, 166,608 businesses in the "Residential Remodelers" industry received a total of $5.16B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 3 employees, 200% higher than Joe Mccarthy's reported 1 employees, and received an average PPP loan of $30,994, 49% higher than this company's loan of $20,832.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/joe-mccarthy-glen-ellyn-il