PPP Loan Data — LB Metals LLC, Harvey, IL
LB Metals LLC is a limited liability company (LLC) located at 15700 Lathrop Ave in Harvey, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,612,659.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 215 people during the applicable loan loan period.
$ PPP Loan Information
Lender:HINSDALE BANK & TRUST COMPANY, NATIONAL ASSOCIATION
LB Metals LLC received a Paycheck Protection Loan of $2.61M through HINSDALE BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, LB Metals LLC's total 2019 payroll expenses were approximately $12.54M in order to qualify for the PPP loan amount received.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $58,329 per employee1.
Business Information - LB Metals LLC in Harvey, IL
15700 Lathrop Ave
Harvey, IL 60426
Iron and Steel Mills and Ferroalloy Manufacturing (NAICS code 331110)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IL-02
Similar Companies near Harvey
In the Harvey area, 2 businesses in the "Iron and Steel Mills and Ferroalloy Manufacturing" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 215) and received an average PPP loan of $1,408,434 (compared to this company's $2.61M).
Similar Nearby Businesses Who Received PPP Funding:
Vitco Steel Supply Corporation
Industry PPP Comparison Statistics
Nationwide, 712 businesses in the "Iron and Steel Mills and Ferroalloy Manufacturing" industry received a total of $239,381,219.00 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 23 employees, 89% lower than LB Metals LLC's reported 215 employees, and received an average PPP loan of $336,210, 87% lower than this company's loan of $2.61M.
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Footnotes & Information
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