PPP Loan Data — R & J Construction Supply Co. Inc, Naperville, IL
R & J Construction Supply Co. Inc
Location: Naperville, ILTweet This • Search All PPP Data
R & J Construction Supply Co. Inc is a corporation located at 1567 Frontenac Drive in Naperville, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,242,645.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:CIBC Bank USA
R & J Construction Supply Co. Inc in Naperville, IL received a Paycheck Protection Loan of $2.24M through CIBC Bank USA, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, R & J Construction Supply Co. Inc's 2019 payroll expenses are estimated to be at least $10.76M.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $53,028 per employee1
Reported PPP Proceed Usage:
On the PPP application, R & J Construction Supply Co. Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,242,645
Business Information - R & J Construction Supply Co. Inc in Naperville, IL
1567 Frontenac Drive
Naperville, IL 60563
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
NAICS code 532412
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Naperville
In the Naperville area, 2 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 104 employees (compared to this company's 203) and received an average PPP loan of $1,145,848 (compared to this company's $2.24M).
Similar Nearby Businesses Who Received PPP Funding:
Five Star Equipment & Supply LLC
Industry PPP Comparison Statistics
Nationwide, 14,805 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a total of $864.06M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 98% lower than R & J Construction Supply Co. Inc's reported 203 employees, and received an average PPP loan of $58,363, 97% lower than this company's loan of $2.24M.
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Footnotes & Information
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