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PPP Loan Data — Semblex Corp, Elmhurst, IL

SBA PPP loan data, payroll data, and salaries for Semblex Corp
IL

Semblex Corp

Entity: Corporation

Industry: Bolt, Nut, Screw, Rivet, and Washer Manufacturing

Location: Elmhurst, IL

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Semblex Corp is a corporation located at 900 N Church Rd in Elmhurst, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,617,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.62M

Jobs Retained:

284

Loan Approved:

2020-04-14

Lender:

PNC BANK, NATIONAL ASSOCIATION

Semblex Corp in Elmhurst, IL received a Paycheck Protection Loan of $4.62M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Semblex Corp's total 2019 payroll expenses were approximately $22.17M in order to qualify for the PPP loan amount received.

Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $78,049 per employee1.

Because the loan received by Semblex Corp 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 - Semblex Corp in Elmhurst, IL

Semblex Corp
900 N Church Rd
Elmhurst, IL 60126

Business Industry

Bolt, Nut, Screw, Rivet, and Washer Manufacturing (NAICS code 332722)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-05

Similar Companies near Elmhurst

In the Elmhurst area, 2 businesses in the "Bolt, Nut, Screw, Rivet, and Washer Manufacturing" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 284) and received an average PPP loan of $2,470,950 (compared to this company's $4.62M).

Similar Nearby Businesses Who Received PPP Funding:

Brico Industries Inc.
Elmhurst, IL

$324,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 462 businesses in the "Bolt, Nut, Screw, Rivet, and Washer Manufacturing" industry received a total of $188,041,124.00 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 31 employees, 89% lower than Semblex Corp's reported 284 employees, and received an average PPP loan of $407,015, 91% lower than this company's loan of $4.62M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/semblex-corp-elmhurst-il