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PPP Loan Data — Stevens Cabinets Inc, Teutopolis, IL

SBA PPP loan data, payroll data, and salaries for Stevens Cabinets Inc
IL

Stevens Cabinets Inc

Entity: Subchapter S Corporation

Industry: Custom Architectural Woodwork and Millwork Manufacturing

Location: Teutopolis, IL

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Stevens Cabinets Inc is a subchapter s corporation located at 704 West Main St in Teutopolis, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,000,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5M

Jobs Retained:

498

Loan Approved:

2020-04-05

Lender:

MIDLAND STATES BANK

Stevens Cabinets Inc in Teutopolis, IL received a Paycheck Protection Loan of $5M through MIDLAND STATES BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Stevens Cabinets Inc's total 2019 payroll expenses were approximately $24M in order to qualify for the PPP loan amount received.

Based on their reported 498 jobs retained, this equals an estimated average yearly compensation of $48,193 per employee1.

Because the loan received by Stevens Cabinets Inc 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 - Stevens Cabinets Inc in Teutopolis, IL

Stevens Cabinets Inc
704 West Main St
Teutopolis, IL 62467

Business Industry

Custom Architectural Woodwork and Millwork Manufacturing (NAICS code 337212)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-15

Industry PPP Comparison Statistics

Nationwide, 1,894 businesses in the "Custom Architectural Woodwork and Millwork Manufacturing" industry received a total of $279,602,902.00 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 11 employees, 98% lower than Stevens Cabinets Inc's reported 498 employees, and received an average PPP loan of $147,626, 97% lower than this company's loan of $5M.

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.

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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/stevens-cabinets-inc-teutopolis-il