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

PPP Loan Data — Sargon Shmauel, Morton Grove, IL

ALERT: There are 2 PPP loans for a total of $11,408 in our database for businesses with the name "Sargon Shmauel" in Morton Grove, 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 Sargon Shmauel
IL

Sargon Shmauel

Entity: Sole Proprietorship

Industry: Construction Sand and Gravel Mining

Location: Morton Grove, IL

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Sargon Shmauel is a sole proprietorship located in Morton Grove, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,208.00 in April, 2021.

$ PPP Loan Information
Loan #6694798702

Loan Size:

$6,208

Jobs Retained:

1

Loan Approved:

2021-04-04

Loan Status:

Ongoing Loan

Lender:

Customers Bank

Sargon Shmauel in Morton Grove, IL received a Paycheck Protection Loan of $6,208 through Customers Bank, 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.


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, Sargon Shmauel reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,205
  • Utilities: $1

Business Information - Sargon Shmauel in Morton Grove, IL

Sargon Shmauel
Morton Grove, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Construction Sand and Gravel Mining
NAICS code 212321

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-09

Industry PPP Comparison Statistics

Nationwide, 6,468 businesses in the "Construction Sand and Gravel Mining" industry received a total of $541.46M 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 7 employees, 600% higher than Sargon Shmauel's reported 1 employees, and received an average PPP loan of $83,714, 1248% higher than this company's loan of $6,208.

SBA PPP loan data, payroll data, and salaries for Sargon Shmauel
IL

Sargon Shmauel

Entity: Sole Proprietorship

Industry: General Freight Trucking, Local

Location: Morton Grove, IL

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Sargon Shmauel is a sole proprietorship located in Morton Grove, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,200.00 in February, 2021.

$ PPP Loan Information
Loan #2073348401

Loan Size:

$5,200

Jobs Retained:

1

Loan Approved:

2021-02-03

Loan Status:

Ongoing Loan

Lender:

Readycap Lending, LLC

Sargon Shmauel in Morton Grove, IL received a Paycheck Protection Loan of $5,200 through Readycap Lending, LLC, which was approved in February, 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.


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, Sargon Shmauel reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,200

Business Information - Sargon Shmauel in Morton Grove, IL

Sargon Shmauel
Morton Grove, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
General Freight Trucking, Local
NAICS code 484110

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-09

Similar Companies near Morton Grove

In the Morton Grove area, 34 businesses in the "General Freight Trucking, Local" 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 $13,692 (compared to this company's $5,200).

Industry PPP Comparison Statistics

Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 300% higher than Sargon Shmauel's reported 1 employees, and received an average PPP loan of $37,520, 622% higher than this company's loan of $5,200.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sargon-shmauel-morton-grove-il