PPP Loan Data — Ortho Molecular Products Inc., Woodstock, IL
Ortho Molecular Products Inc. is a corporation located at 1991 Duncan Pl in Woodstock, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,395,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 305 people during the applicable loan loan period.
$ PPP Loan Information
Lender:AMERICAN COMMUNITY BANK & TRUST
Ortho Molecular Products Inc. in Woodstock, IL received a Paycheck Protection Loan of $4.4M through AMERICAN COMMUNITY BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ortho Molecular Products Inc.'s total 2019 payroll expenses were approximately $21.1M in order to qualify for the PPP loan amount received.
Based on their reported 305 jobs retained, this equals an estimated average yearly compensation of $69,175 per employee1.
Business Information - Ortho Molecular Products Inc. in Woodstock, IL
1991 Duncan Pl
Woodstock, IL 60098
Medicinal and Botanical Manufacturing (NAICS code 325411)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IL-14
Industry PPP Comparison Statistics
Nationwide, 591 businesses in the "Medicinal and Botanical Manufacturing" industry received a total of $143,662,816.00 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 19 employees, 94% lower than Ortho Molecular Products Inc.'s reported 305 employees, and received an average PPP loan of $243,084, 94% lower than this company's loan of $4.4M.
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Footnotes & Information
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