PPP Loan Data — Sipi Metals Corp, Chicago, IL
Sipi Metals Corp
Entity: Subchapter S Corporation
Location: Chicago, ILTweet This • Search All PPP Data
Sipi Metals Corp is a subchapter s corporation located at 1720 N. Elston Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,580,500.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Sipi Metals Corp received a Paycheck Protection Loan of $2.58M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sipi Metals Corp's total 2019 payroll expenses were approximately $12.39M in order to qualify for the PPP loan amount received.
Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $56,559 per employee1.
Business Information - Sipi Metals Corp in Chicago, IL
1720 N. Elston Ave
Chicago, IL 60642
Nonferrous Metal (except Aluminum) Smelting and Refining (NAICS code 331410)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-05
Industry PPP Comparison Statistics
Nationwide, 123 businesses in the "Nonferrous Metal (except Aluminum) Smelting and Refining" industry received a total of $42,788,341.00 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 27 employees, 88% lower than Sipi Metals Corp's reported 219 employees, and received an average PPP loan of $347,873, 87% lower than this company's loan of $2.58M.
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Footnotes & Information
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