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PPP Loan Data — Oluwatoyin Kassim, Rolling Meadows, IL

SBA PPP loan data, payroll data, and salaries for Oluwatoyin Kassim
IL

Oluwatoyin Kassim

Entity: Sole Proprietorship

Industry: All Other Miscellaneous Food Manufacturing

Location: Rolling Meadows, IL

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Oluwatoyin Kassim is a sole proprietorship located in Rolling Meadows, Illinois that received a Coronavirus-related PPP loan from the SBA of $17,750.00 in March, 2021.

The company has reported itself as a Black or african american owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #6084578502

Loan Size:

$17,750

Jobs Retained:

1

Loan Approved:

2021-03-02

Loan Status:

Paid in Full or Forgiven

Lender:

Itria Ventures LLC

Oluwatoyin Kassim in Rolling Meadows, IL received a Paycheck Protection Loan of $17,750 through Itria Ventures LLC, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.


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, Oluwatoyin Kassim reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $17,748
  • Utilities: $1

Business Information - Oluwatoyin Kassim in Rolling Meadows, IL

Oluwatoyin Kassim
Rolling Meadows, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Miscellaneous Food Manufacturing
NAICS code 311999

Business Owner Demographics

Race: Black or African American

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Cook County, IL — SBA Office 0507 — Congressional District: IL-08

Similar Companies near Rolling Meadows

In the Rolling Meadows area, 4 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 1) and received an average PPP loan of $460,988 (compared to this company's $17,750).

Industry PPP Comparison Statistics

Nationwide, 4,608 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a total of $550.82M 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 14 employees, 1300% higher than Oluwatoyin Kassim's reported 1 employees, and received an average PPP loan of $119,536, 573% higher than this company's loan of $17,750.

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/oluwatoyin-kassim-rolling-meadows-il