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PPP Loan Data — Olsson Roofing Company,
Aurora, IL
Olsson Roofing Company
Entity: Corporation
Industry: Roofing Contractors
Location: Aurora, IL
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Olsson Roofing Company is a corporation located at 740 S Lake Street in Aurora, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,280,084.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-06Lender:
WHEATON BANK & TRUST COMPANY, NATIONAL ASSOCIATIONOlsson Roofing Company received a Paycheck Protection Loan of $3.28M through WHEATON BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Olsson Roofing Company's total 2019 payroll expenses were approximately $15.74M in order to qualify for the PPP loan amount received.
Unlike most businesses, Olsson Roofing Company's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Olsson Roofing Company in Aurora, IL
740 S Lake Street
Aurora, IL 60507
Business Industry
Roofing Contractors (NAICS code 238160)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-14Similar Companies near Aurora
In the Aurora area, 4 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 0) and received an average PPP loan of $905,555 (compared to this company's $3.28M).
Similar Nearby Businesses Who Received PPP Funding:
AAA Roofing Company Inc
Aurora, IL
A And E Roofing And Siding, Inc.
Aurora, IL
Acosta Exteriors LLC
Aurora, IL
Industry PPP Comparison Statistics
Nationwide, 13,327 businesses in the "Roofing Contractors" industry received a total of $1,896,438,811.00 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 12 employees, and received an average PPP loan of $142,301, 96% lower than this company's loan of $3.28M.
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.
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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