PPP Loan Data — Power Distributing, LLC, Elmhurst, IL
Power Distributing, LLC
Entity: Limited Liability Company (LLC)
Location: Elmhurst, ILTweet This • Search All PPP Data
Power Distributing, LLC is a limited liability company (LLC) located at 185 W. Industrial Drive in Elmhurst, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,459,400.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Power Distributing, LLC in Elmhurst, IL received a Paycheck Protection Loan of $2.46M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Power Distributing, LLC's total 2019 payroll expenses were approximately $11.81M in order to qualify for the PPP loan amount received.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $67,075 per employee1.
Business Information - Power Distributing, LLC in Elmhurst, IL
185 W. Industrial Drive
Elmhurst, IL 60126
Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-05
Similar Companies near Elmhurst
In the Elmhurst area, 2 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 176) and received an average PPP loan of $1,241,215 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 4,557 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $667,706,204.00 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 14 employees, 92% lower than Power Distributing, LLC's reported 176 employees, and received an average PPP loan of $146,523, 94% lower than this company's loan of $2.46M.
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Footnotes & Information
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