PPP Loan Data — Perma Seal Basement Systems, Inc., Burr Ridge, IL
Perma Seal Basement Systems, Inc. is a limited liability company (LLC) located at 412 Rockwell Ct in Burr Ridge, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,585,283.00 in April, 2020.
$ PPP Loan Information
Lender:WHEATON BANK & TRUST COMPANY, NATIONAL ASSOCIATION
Perma Seal Basement Systems, Inc. in Burr Ridge, IL received a Paycheck Protection Loan of $2.59M through WHEATON BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Perma Seal Basement Systems, Inc.'s total 2019 payroll expenses were approximately $12.41M in order to qualify for the PPP loan amount received.
Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $59,092 per employee1.
Business Information - Perma Seal Basement Systems, Inc. in Burr Ridge, IL
412 Rockwell Ct
Burr Ridge, IL 60527
Other Building Finishing Contractors (NAICS code 238390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-11
Similar Companies near Burr Ridge
In the Burr Ridge area, 3 businesses in the "Other Building Finishing Contractors" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 210) and received an average PPP loan of $1,130,243 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
Allied Waterproofing Inc
Industry PPP Comparison Statistics
Nationwide, 7,067 businesses in the "Other Building Finishing Contractors" industry received a total of $733,532,028.00 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 8 employees, 96% lower than Perma Seal Basement Systems, Inc.'s reported 210 employees, and received an average PPP loan of $103,797, 96% lower than this company's loan of $2.59M.
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.
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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