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PPP Loan Data — Raynor MFG Co, Dixon, IL

SBA PPP loan data, payroll data, and salaries for Raynor MFG Co
IL

Raynor MFG Co

Entity: Corporation

Industry: Metal Window and Door Manufacturing

Location: Dixon, IL

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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

Loan Size:

$6.51M

Jobs Retained:

476

Loan Approved:

2020-04-08

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.

Because the loan received by Raynor MFG Co 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 - Raynor MFG Co in Dixon, IL

Raynor MFG Co
1101 E River Rd
Dixon, IL 61021

Business Industry

Metal Window and Door Manufacturing (NAICS code 332321)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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
Dixon, IL

$1.17M PPP Loan

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.

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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Source: www.federalpay.org/paycheck-protection-program/raynor-mfg-co-dixon-il