PPP Loan Data — Schulze And Burch Biscuit Co, Chicago, IL
Schulze And Burch Biscuit Co is a corporation located at 1133 W 35th St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,010,025.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Schulze And Burch Biscuit Co received a Paycheck Protection Loan of $5.01M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Schulze And Burch Biscuit Co's total 2019 payroll expenses were approximately $24.05M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $48,096 per employee1.
Business Information - Schulze And Burch Biscuit Co in Chicago, IL
1133 W 35th St
Chicago, IL 60609
Commercial Bakeries (NAICS code 311812)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-03
Similar Companies near Chicago
In the Chicago area, 2 businesses in the "Commercial Bakeries" industry received a PPP loan. These local businesses reported an average of 253 employees (compared to this company's 500) and received an average PPP loan of $2,507,450 (compared to this company's $5.01M).
Similar Nearby Businesses Who Received PPP Funding:
El Moro De Letran Churros & Bakery Inc.
Industry PPP Comparison Statistics
Nationwide, 2,425 businesses in the "Commercial Bakeries" industry received a total of $481,514,310.00 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 22 employees, 96% lower than Schulze And Burch Biscuit Co's reported 500 employees, and received an average PPP loan of $198,563, 96% lower than this company's loan of $5.01M.
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Footnotes & Information
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