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PPP Loan Data — Mohammad Salah, Chicago Ridge, IL

SBA PPP loan data, payroll data, and salaries for Mohammad Salah
IL

Mohammad Salah

Entity: Self-employed Individual

Industry: Wireless Telecommunications Carriers (except Satellite)

Location: Chicago Ridge, IL

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Mohammad Salah is a self-employed individual located in Chicago Ridge, Illinois that received a Coronavirus-related PPP loan from the SBA of $19,723.00 in May, 2020.

$ PPP Loan Information
Loan #5235587807

Loan Size:

$19,723

Jobs Retained:

1

Loan Approved:

2020-05-29

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Mohammad Salah in Chicago Ridge, IL received a Paycheck Protection Loan of $19,723 through Cross River Bank, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Mohammad Salah reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $19,723

Business Information - Mohammad Salah in Chicago Ridge, IL

Mohammad Salah
Chicago Ridge, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Wireless Telecommunications Carriers (except Satellite)
NAICS code 517312

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cook County, IL — SBA Office 0507 — Congressional District: IL-03

Similar Companies near Chicago Ridge

In the Chicago Ridge area, 2 businesses in the "Wireless Telecommunications Carriers (except Satellite)" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $22,487 (compared to this company's $19,723).

Similar Nearby Businesses Who Received PPP Funding:

Prime Mobile Inc
Chicago Ridge, IL

$25,250 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,913 businesses in the "Wireless Telecommunications Carriers (except Satellite)" industry received a total of $370M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 11 employees, 1000% higher than Mohammad Salah's reported 1 employees, and received an average PPP loan of $94,558, 379% higher than this company's loan of $19,723.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/mohammad-salah-chicago-ridge-il