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PPP Loan Data — Ricky Posey, South Chicago Heights, IL

SBA PPP loan data, payroll data, and salaries for Ricky Posey
IL

Ricky Posey

Entity: Sole Proprietorship

Industry: Finish Carpentry Contractors

Location: South Chicago Heights, IL

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Ricky Posey is a sole proprietorship located in South Chicago Heights, Illinois that received a Coronavirus-related PPP loan from the SBA of $16,666.00 in April, 2021.

The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #1282798801

Loan Size:

$16,666

Jobs Retained:

1

Loan Approved:

2021-04-10

Loan Status:

Ongoing Loan

Lender:

Benworth Capital

Ricky Posey in South Chicago Heights, IL received a Paycheck Protection Loan of $16,666 through Benworth Capital, which was approved in April, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Ricky Posey reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $16,666

Business Information - Ricky Posey in South Chicago Heights, IL

Ricky Posey
South Chicago Heights, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Finish Carpentry Contractors
NAICS code 238350

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Cook County, IL — SBA Office 0507 — Congressional District: IL-02

Similar Companies near South Chicago Heights

In the South Chicago Heights area, 9 businesses in the "Finish Carpentry Contractors" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $16,030 (compared to this company's $16,666).

Industry PPP Comparison Statistics

Nationwide, 28,041 businesses in the "Finish Carpentry Contractors" industry received a total of $1.1B 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, 300% higher than Ricky Posey's reported 1 employees, and received an average PPP loan of $39,067, 134% higher than this company's loan of $16,666.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ricky-posey-south-chicago-heights-il