PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Power Distributing, LLC, Elmhurst, IL

SBA PPP loan data, payroll data, and salaries for Power Distributing, LLC
IL

Power Distributing, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Grocery and Related Products Merchant Wholesalers

Location: Elmhurst, IL

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

Loan Size:

$2.46M

Jobs Retained:

176

Loan Approved:

2020-04-09

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.

Because the loan received by Power Distributing, LLC 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 - Power Distributing, LLC in Elmhurst, IL

Power Distributing, LLC
185 W. Industrial Drive
Elmhurst, IL 60126

Business Industry

Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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:

LFS LLC
Elmhurst, IL

$23,030 PPP Loan

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/power-distributing-llc-elmhurst-il