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PPP Loan Data — National Holding Company, Inc, Broadview, IL

SBA PPP loan data, payroll data, and salaries for National Holding Company, Inc
IL

National Holding Company, Inc

Entity: Subchapter S Corporation

Industry: General Freight Trucking, Local

Location: Broadview, IL

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National Holding Company, Inc is a subchapter s corporation located at 2800 Roosevelt Road in Broadview, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,480,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.48M

Jobs Retained:

139

Loan Approved:

2020-04-09

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

National Holding Company, Inc in Broadview, IL received a Paycheck Protection Loan of $2.48M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, National Holding Company, Inc's total 2019 payroll expenses were approximately $11.9M in order to qualify for the PPP loan amount received.

Based on their reported 139 jobs retained, this equals an estimated average yearly compensation of $85,647 per employee1.

Because the loan received by National Holding Company, 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 - National Holding Company, Inc in Broadview, IL

National Holding Company, Inc
2800 Roosevelt Road
Broadview, IL 60155

Business Industry

General Freight Trucking, Local (NAICS code 484110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-07

Similar Companies near Broadview

In the Broadview area, 33 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 139) and received an average PPP loan of $139,356 (compared to this company's $2.48M).

Industry PPP Comparison Statistics

Nationwide, 63,007 businesses in the "General Freight Trucking, Local" industry received a total of $3,835,780,964.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 96% lower than National Holding Company, Inc's reported 139 employees, and received an average PPP loan of $60,879, 98% lower than this company's loan of $2.48M.

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/national-holding-company-inc-broadview-il