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PPP Loan Data — Sewer Equipment Co. Of America, Dixon, IL

SBA PPP loan data, payroll data, and salaries for Sewer Equipment Co. Of America
IL

Sewer Equipment Co. Of America

Entity: Corporation

Industry: Other Commercial and Industrial Machinery and Equipment Rental and Leasing

Location: Dixon, IL

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Sewer Equipment Co. Of America is a corporation located at 1590 Dutch Road, Dixon in Dixon, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,429,736.00 in April, 2020.

The company has reported itself as a White owned business, and employed at least 188 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.43M

Jobs Retained:

188

Loan Approved:

2020-04-03

Lender:

THE HUNTINGTON NATIONAL BANK

Sewer Equipment Co. Of America in Dixon, IL received a Paycheck Protection Loan of $2.43M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sewer Equipment Co. Of America's total 2019 payroll expenses were approximately $11.66M in order to qualify for the PPP loan amount received.

Based on their reported 188 jobs retained, this equals an estimated average yearly compensation of $62,036 per employee1.

Because the loan received by Sewer Equipment Co. Of America 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 - Sewer Equipment Co. Of America in Dixon, IL

Sewer Equipment Co. Of America
1590 Dutch Road, Dixon
Dixon, IL 61021

Business Industry

Other Commercial and Industrial Machinery and Equipment Rental and Leasing (NAICS code 532490)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-16

Similar Companies near Dixon

In the Dixon area, 3 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 188) and received an average PPP loan of $908,146 (compared to this company's $2.43M).

Industry PPP Comparison Statistics

Nationwide, 4,159 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a total of $707,533,609.00 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 13 employees, 93% lower than Sewer Equipment Co. Of America's reported 188 employees, and received an average PPP loan of $170,121, 93% lower than this company's loan of $2.43M.

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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Source: www.federalpay.org/paycheck-protection-program/sewer-equipment-co-of-america-dixon-il