PPP Loan Data — Sivyer Steel Castings LLC, Bettendorf, IA
Sivyer Steel Castings LLC is a limited liability company (LLC) located at 225 33rd Street in Bettendorf, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,656,600.00 in April, 2020.
$ PPP Loan Information
Lender:AMERICAN COMMUNITY BANK & TRUST
Sivyer Steel Castings LLC in Bettendorf, IA received a Paycheck Protection Loan of $3.66M through AMERICAN COMMUNITY BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sivyer Steel Castings LLC's total 2019 payroll expenses were approximately $17.55M in order to qualify for the PPP loan amount received.
Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $71,640 per employee1.
Business Information - Sivyer Steel Castings LLC in Bettendorf, IA
225 33rd Street
Bettendorf, IA 52722
Steel Foundries (except Investment) (NAICS code 331513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-02
Industry PPP Comparison Statistics
Nationwide, 137 businesses in the "Steel Foundries (except Investment)" industry received a total of $74,381,992.00 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 39 employees, 84% lower than Sivyer Steel Castings LLC's reported 245 employees, and received an average PPP loan of $542,934, 85% lower than this company's loan of $3.66M.
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Footnotes & Information
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