PPP Loan Data — Jordan Health Products, LLC, Deerfield, IL
Jordan Health Products, LLC is a corporation located at 1751 Lake Cook Rd in Deerfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,514,600.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Hiawatha National Bank
Jordan Health Products, LLC in Deerfield, IL received a Paycheck Protection Loan of $1.51M through Hiawatha National Bank, which was approved in April, 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, Jordan Health Products, LLC's 2019 payroll expenses are estimated to be at least $7.27M.
Based on their reported 105 jobs retained, this equals an estimated average yearly compensation of $69,239 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jordan Health Products, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,514,600
Business Information - Jordan Health Products, LLC in Deerfield, IL
1751 Lake Cook Rd
Deerfield, IL 60015
Motor and Generator Manufacturing
NAICS code 335312
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Deerfield
In the Deerfield area, 3 businesses in the "Motor and Generator Manufacturing" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 105) and received an average PPP loan of $742,321 (compared to this company's $1.51M).
Similar Nearby Businesses Who Received PPP Funding:
Crystal Lake, IL
Industry PPP Comparison Statistics
Nationwide, 572 businesses in the "Motor and Generator Manufacturing" industry received a total of $181.74M 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, 76% lower than Jordan Health Products, LLC's reported 105 employees, and received an average PPP loan of $317,725, 79% lower than this company's loan of $1.51M.
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Footnotes & Information
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