PPP Loan Data — Raynor MFG Co, Dixon, IL
Raynor MFG Co is a corporation located at 1101 E River Rd in Dixon, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,511,300.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
Raynor MFG Co in Dixon, IL received a Paycheck Protection Loan of $6.51M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Raynor MFG Co's total 2019 payroll expenses were approximately $31.25M in order to qualify for the PPP loan amount received.
Based on their reported 476 jobs retained, this equals an estimated average yearly compensation of $65,660 per employee1.
Business Information - Raynor MFG Co in Dixon, IL
1101 E River Rd
Dixon, IL 61021
Metal Window and Door Manufacturing (NAICS code 332321)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-16
Similar Companies near Dixon
In the Dixon area, 2 businesses in the "Metal Window and Door Manufacturing" industry received a PPP loan. These local businesses reported an average of 280 employees (compared to this company's 476) and received an average PPP loan of $3,841,200 (compared to this company's $6.51M).
Similar Nearby Businesses Who Received PPP Funding:
Raynor Door Authorities LP
Industry PPP Comparison Statistics
Nationwide, 965 businesses in the "Metal Window and Door Manufacturing" industry received a total of $295,266,784.00 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 24 employees, 95% lower than Raynor MFG Co's reported 476 employees, and received an average PPP loan of $305,976, 95% lower than this company's loan of $6.51M.
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Footnotes & Information
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