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PPP Loan Data — Superheat Fgh Services Inc, New Lenox, IL

SBA PPP loan data, payroll data, and salaries for Superheat Fgh Services Inc
IL

Superheat Fgh Services Inc

Entity: Corporation

Industry: Fabricated Pipe and Pipe Fitting Manufacturing

Location: New Lenox, IL

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Superheat Fgh Services Inc is a corporation located at 313 Garnet Dr in New Lenox, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,446,975.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.45M

Jobs Retained:

314

Loan Approved:

2020-04-28

Lender:

HSBC BANK USA, NATIONAL ASSOCIATION

Superheat Fgh Services Inc received a Paycheck Protection Loan of $5.45M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Superheat Fgh Services Inc's total 2019 payroll expenses were approximately $26.15M in order to qualify for the PPP loan amount received.

Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $83,266 per employee1.

Because the loan received by Superheat Fgh Services 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 - Superheat Fgh Services Inc in New Lenox, IL

Superheat Fgh Services Inc
313 Garnet Dr
New Lenox, IL 60451

Business Industry

Fabricated Pipe and Pipe Fitting Manufacturing (NAICS code 332996)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-01

Industry PPP Comparison Statistics

Nationwide, 465 businesses in the "Fabricated Pipe and Pipe Fitting Manufacturing" industry received a total of $215,859,300.00 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 30 employees, 90% lower than Superheat Fgh Services Inc's reported 314 employees, and received an average PPP loan of $464,214, 91% lower than this company's loan of $5.45M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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/superheat-fgh-services-inc-new-lenox-il