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PPP Loan Data — Sivyer Steel Castings LLC,
Bettendorf, IA
Sivyer Steel Castings LLC
Entity: Limited Liability Company (LLC)
Industry: Steel Foundries (except Investment)
Location: Bettendorf, IA
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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
Loan Size:
Jobs Retained:
245Loan Approved:
2020-04-13Lender:
AMERICAN COMMUNITY BANK & TRUSTSivyer 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
Business Industry
Steel Foundries (except Investment) (NAICS code 331513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IA-02Industry 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.
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.
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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