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PPP Loan Data — Seven-D Construction Company,
Chicago, IL
Seven-D Construction Company
Entity: Subchapter S Corporation
Industry: Commercial and Institutional Building Construction
Location: Chicago, IL
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Seven-D Construction Company is a subchapter s corporation located at 2000 W 43rd St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,463,610.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
146Loan Approved:
2020-04-08Lender:
HINSDALE BANK & TRUST COMPANY, NATIONAL ASSOCIATIONSeven-D Construction Company received a Paycheck Protection Loan of $2.46M through HINSDALE BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Seven-D Construction Company's total 2019 payroll expenses were approximately $11.83M in order to qualify for the PPP loan amount received.
Based on their reported 146 jobs retained, this equals an estimated average yearly compensation of $80,995 per employee1.
Business Information - Seven-D Construction Company in Chicago, IL
2000 W 43rd St
Chicago, IL 60609
Business Industry
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-03Similar Companies near Chicago
In the Chicago area, 10 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 146) and received an average PPP loan of $358,653 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
Sam Lu Construction Co
Chicago, IL
Iron Horse Construction Services, Inc.
Chicago, IL
Griggs Mitchell & Alma Of IL, LLC
Chicago, IL
Bertco Construction Company, Inc.
Chicago, IL
Novelli Construction, Inc.
Chicago, IL
Interstate Mechanicalandconstruction
Chicago, IL
Scale Construction, Inc.
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Inpol Cube LLC
Chicago, IL
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 91% lower than Seven-D Construction Company's reported 146 employees, and received an average PPP loan of $203,235, 92% lower than this company's loan of $2.46M.
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.
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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