PPP Loan Data — Stonepeak Ceramics, Inc, Chicago, IL
Stonepeak Ceramics, Inc
Location: Chicago, ILTweet This • Search All PPP Data
Stonepeak Ceramics, Inc is a corporation located at 314 W. Superior Steet, Ste 201 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,835,437.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Stonepeak Ceramics, Inc in Chicago, IL received a Paycheck Protection Loan of $5.84M through U.S. Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Stonepeak Ceramics, Inc's 2019 payroll expenses are estimated to be at least $28.01M.
Based on their reported 437 jobs retained, this equals an estimated average yearly compensation of $64,096 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stonepeak Ceramics, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,835,437
Business Information - Stonepeak Ceramics, Inc in Chicago, IL
314 W. Superior Steet, Ste 201
Chicago, IL 60654
Clay Building Material and Refractories Manufacturing
NAICS code 327120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 357 businesses in the "Clay Building Material and Refractories Manufacturing" industry received a total of $141.77M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 35 employees, 92% lower than Stonepeak Ceramics, Inc's reported 437 employees, and received an average PPP loan of $397,118, 93% lower than this company's loan of $5.84M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!