PPP Loan Data — Kretman Masonry Inc, Lisle, IL
Kretman Masonry Inc
Entity: Subchapter S Corporation
Location: Lisle, ILTweet This • Search All PPP Data
Kretman Masonry Inc is a subchapter s corporation located at 633 Front Street in Lisle, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
Kretman Masonry Inc in Lisle, IL received a Paycheck Protection Loan of $25,000 through Cross River Bank, which was approved in July, 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 February, 2021.
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, Kretman Masonry Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kretman Masonry Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Kretman Masonry Inc in Lisle, IL
633 Front Street
Lisle, IL 60532
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lisle
In the Lisle area, 13 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $43,489 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Wehrli General Contracting, Inc
Powers Construction Group Inc
Blue Shadow Property Development LLC
Empire Construction Company
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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 5 employees, 67% higher than Kretman Masonry Inc's reported 3 employees, and received an average PPP loan of $45,182, 81% higher than this company's loan of $25,000.
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Footnotes & Information
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