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PPP Loan Data — Logan Square Aluminum Supply, Inc., Chicago, IL

SBA PPP loan data, payroll data, and salaries for Logan Square Aluminum Supply, Inc.
IL

Logan Square Aluminum Supply, Inc.

Entity: Subchapter S Corporation

Industry: Home Centers

Location: Chicago, IL

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Logan Square Aluminum Supply, Inc. is a subchapter s corporation located at 2500 N. Pulaski Road in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,935,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.94M

Jobs Retained:

500

Loan Approved:

2020-04-27

Lender:

CIBC BANK USA

Logan Square Aluminum Supply, Inc. in Chicago, IL received a Paycheck Protection Loan of $5.94M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Logan Square Aluminum Supply, Inc.'s total 2019 payroll expenses were approximately $28.49M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $56,984 per employee1.

Because the loan received by Logan Square Aluminum Supply, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Logan Square Aluminum Supply, Inc. in Chicago, IL

Logan Square Aluminum Supply, Inc.
2500 N. Pulaski Road
Chicago, IL 60639

Business Industry

Home Centers (NAICS code 444110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-04

Industry PPP Comparison Statistics

Nationwide, 2,392 businesses in the "Home Centers" industry received a total of $390,606,472.00 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 15 employees, 97% lower than Logan Square Aluminum Supply, Inc.'s reported 500 employees, and received an average PPP loan of $163,297, 97% lower than this company's loan of $5.94M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/logan-square-aluminum-supply-inc-chicago-il