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PPP Loan Data — Ortho Molecular Products Inc., Woodstock, IL

SBA PPP loan data, payroll data, and salaries for Ortho Molecular Products Inc.
IL

Ortho Molecular Products Inc.

Entity: Corporation

Industry: Medicinal and Botanical Manufacturing

Location: Woodstock, IL

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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

Loan Size:

$4.4M

Jobs Retained:

305

Loan Approved:

2020-04-07

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.

Because the loan received by Ortho Molecular Products 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 - Ortho Molecular Products Inc. in Woodstock, IL

Ortho Molecular Products Inc.
1991 Duncan Pl
Woodstock, IL 60098

Business Industry

Medicinal and Botanical Manufacturing (NAICS code 325411)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional 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.

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/ortho-molecular-products-inc-woodstock-il