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PPP Loan Data — Lake County Press, Inc.,
Waukegan, IL
Lake County Press, Inc.
Entity: Not Reported
Industry: Support Activities for Printing
Location: Waukegan, IL
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Lake County Press, Inc. is a located at 98 Noll St in Waukegan, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,683,800.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
172Loan Approved:
2020-05-01Lender:
FIFTH THIRD BANKLake County Press, Inc. in Waukegan, IL received a Paycheck Protection Loan of $2.68M through FIFTH THIRD BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Lake County Press, Inc.'s total 2019 payroll expenses were approximately $12.88M in order to qualify for the PPP loan amount received.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $74,897 per employee1.
Business Information - Lake County Press, Inc. in Waukegan, IL
98 Noll St
Waukegan, IL 60085
Business Industry
Support Activities for Printing (NAICS code 323120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-10Similar Companies near Waukegan
In the Waukegan area, 3 businesses in the "Support Activities for Printing" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 172) and received an average PPP loan of $1,008,104 (compared to this company's $2.68M).
Similar Nearby Businesses Who Received PPP Funding:
DMS Moving & Storage, Inc.
Waukegan, IL
Morris Mailing Inc.
Wauconda, IL
Industry PPP Comparison Statistics
Nationwide, 942 businesses in the "Support Activities for Printing" industry received a total of $111,999,372.00 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 10 employees, 94% lower than Lake County Press, Inc.'s reported 172 employees, and received an average PPP loan of $118,895, 96% lower than this company's loan of $2.68M.
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.
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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