PPP Loan Data — Lorig Construction Company, Des Plaines, IL
Lorig Construction Company is a corporation located at 250 E Touhy Ave in Des Plaines, Illinois that received a Coronavirus-related PPP loan from the SBA of $7,403,982.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Lorig Construction Company received a Paycheck Protection Loan of $7.4M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Lorig Construction Company's total 2019 payroll expenses were approximately $35.54M in order to qualify for the PPP loan amount received.
Based on their reported 374 jobs retained, this equals an estimated average yearly compensation of $95,024 per employee1.
Business Information - Lorig Construction Company in Des Plaines, IL
250 E Touhy Ave
Des Plaines, IL 60018
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-05
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, 93% lower than Lorig Construction Company's reported 374 employees, and received an average PPP loan of $405,656, 95% lower than this company's loan of $7.4M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!