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PPP Loan Data — Perma Seal Basement Systems, Inc., Burr Ridge, IL

SBA PPP loan data, payroll data, and salaries for Perma Seal Basement Systems, Inc.
IL

Perma Seal Basement Systems, Inc.

Entity: Limited Liability Company (LLC)

Industry: Other Building Finishing Contractors

Location: Burr Ridge, IL

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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

Loan Size:

$2.59M

Jobs Retained:

210

Loan Approved:

2020-04-05

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.

Because the loan received by Perma Seal Basement Systems, 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 - Perma Seal Basement Systems, Inc. in Burr Ridge, IL

Perma Seal Basement Systems, Inc.
412 Rockwell Ct
Burr Ridge, IL 60527

Business Industry

Other Building Finishing Contractors (NAICS code 238390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

Search FederalPay's Full PPP Loan Database

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/perma-seal-basement-systems-inc-burr-ridge-il