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PPP Loan Data — Sunstar Americas Inc, Schaumburg, IL

SBA PPP loan data, payroll data, and salaries for Sunstar Americas Inc
IL

Sunstar Americas Inc

Entity: Corporation

Industry: Dental Equipment and Supplies Manufacturing

Location: Schaumburg, IL

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Sunstar Americas Inc is a corporation located at 301 E Central Rd in Schaumburg, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,230,492.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.23M

Jobs Retained:

435

Loan Approved:

2020-04-30

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Sunstar Americas Inc in Schaumburg, IL received a Paycheck Protection Loan of $6.23M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sunstar Americas Inc's total 2019 payroll expenses were approximately $29.91M in order to qualify for the PPP loan amount received.

Based on their reported 435 jobs retained, this equals an estimated average yearly compensation of $68,750 per employee1.

Because the loan received by Sunstar Americas 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 - Sunstar Americas Inc in Schaumburg, IL

Sunstar Americas Inc
301 E Central Rd
Schaumburg, IL 60195

Business Industry

Dental Equipment and Supplies Manufacturing (NAICS code 339114)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-06

Industry PPP Comparison Statistics

Nationwide, 635 businesses in the "Dental Equipment and Supplies Manufacturing" industry received a total of $115,596,265.00 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 14 employees, 97% lower than Sunstar Americas Inc's reported 435 employees, and received an average PPP loan of $182,041, 97% lower than this company's loan of $6.23M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sunstar-americas-inc-schaumburg-il