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

PPP Loan Data — Saporito Finishing Co, Cicero, IL

ALERT: There are 2 PPP loans for a total of $4.2M in our database for businesses with the name "Saporito Finishing Co" in Cicero, IL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Saporito Finishing Co
IL

Saporito Finishing Co

Entity: Corporation

Industry: Electroplating, Plating, Polishing, Anodizing, and Coloring

Location: Cicero, IL

Search All PPP Data

Saporito Finishing Co is a corporation located at 3131 S Austin Blvd in Cicero, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,800,037.00 in April, 2021.

$ PPP Loan Information
Loan #9592658709

Loan Size:

$1.8M

Jobs Retained:

137

Loan Approved:

2021-04-09

Loan Status:

Ongoing Loan

Lender:

BMO Harris Bank National Association

Saporito Finishing Co in Cicero, IL received a Paycheck Protection Loan of $1.8M through BMO Harris Bank National Association, 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.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Saporito Finishing Co's 2019 payroll expenses are estimated to be at least $8.64M.

Based on their reported 137 jobs retained, this equals an estimated average yearly compensation of $63,067 per employee1

Reported PPP Proceed Usage:

On the PPP application, Saporito Finishing Co reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,800,036
  • Utilities: $1

Business Information - Saporito Finishing Co in Cicero, IL

Saporito Finishing Co
3131 S Austin Blvd
Cicero, IL 60804

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Cook County, IL — SBA Office 0507 — Congressional District: IL-04

Similar Companies near Cicero

In the Cicero area, 4 businesses in the "Electroplating, Plating, Polishing, Anodizing, and Coloring" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 137) and received an average PPP loan of $494,685 (compared to this company's $1.8M).

Industry PPP Comparison Statistics

Nationwide, 1,840 businesses in the "Electroplating, Plating, Polishing, Anodizing, and Coloring" industry received a total of $484.67M 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 26 employees, 81% lower than Saporito Finishing Co's reported 137 employees, and received an average PPP loan of $263,408, 85% lower than this company's loan of $1.8M.

SBA PPP loan data, payroll data, and salaries for Saporito Finishing Co
IL

Saporito Finishing Co

Entity: Corporation

Industry: Process, Physical Distribution, and Logistics Consulting Services

Location: Cicero, IL

Search All PPP Data

Saporito Finishing Co is a corporation located at 3119 S Austin Blvd in Cicero, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,399,400.00 in April, 2020.

$ PPP Loan Information
Loan #8217267010

Loan Size:

$2.4M

Jobs Retained:

180

Loan Approved:

2020-04-08

Loan Status:

Ongoing Loan

Lender:

St. Charles Bank & Trust Company, National Association

Saporito Finishing Co in Cicero, IL received a Paycheck Protection Loan of $2.4M through St. Charles Bank & Trust Company, National Association, which was approved in April, 2020.

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.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Saporito Finishing Co's 2019 payroll expenses are estimated to be at least $11.52M.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $63,984 per employee1

Reported PPP Proceed Usage:

On the PPP application, Saporito Finishing Co reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,799,550
  • Utilities: $239,940
  • Rent: $359,910
Because the loan received by Saporito Finishing 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 - Saporito Finishing Co in Cicero, IL

Saporito Finishing Co
3119 S Austin Blvd
Cicero, IL 60804

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cook County, IL — SBA Office 0507 — Congressional District: IL-04

Similar Companies near Cicero

In the Cicero area, 7 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 180) and received an average PPP loan of $378,601 (compared to this company's $2.4M).

Industry PPP Comparison Statistics

Nationwide, 10,517 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $920.57M 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 8 employees, 96% lower than Saporito Finishing Co's reported 180 employees, and received an average PPP loan of $87,532, 96% lower than this company's loan of $2.4M.

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.

Search FederalPay's Full PPP Loan Database

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.


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/saporito-finishing-co-cicero-il