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PPP Loan Data — Superior Air-Ground Ambulance Service Inc.,
Elmhurst, IL
Superior Air-Ground Ambulance Service Inc.
Entity: Corporation
Industry: Ambulance Services
Location: Elmhurst, IL
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Superior Air-Ground Ambulance Service Inc. is a corporation located at 395 W Lake Street in Elmhurst, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,000,000.00 in August, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-08-04Lender:
HINSDALE BANK & TRUST COMPANY, NATIONAL ASSOCIATIONSuperior Air-Ground Ambulance Service Inc. received a Paycheck Protection Loan of $6M through HINSDALE BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in August, 2020.
Based on standard PPP eligibility rules, Superior Air-Ground Ambulance Service Inc.'s total 2019 payroll expenses were approximately $28.8M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $57,600 per employee1.
Business Information - Superior Air-Ground Ambulance Service Inc. in Elmhurst, IL
395 W Lake Street
Elmhurst, IL 60126
Business Industry
Ambulance Services (NAICS code 621910)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-05Similar Companies near Elmhurst
In the Elmhurst area, 3 businesses in the "Ambulance Services" industry received a PPP loan. These local businesses reported an average of 359 employees (compared to this company's 500) and received an average PPP loan of $3,333,333 (compared to this company's $6M).
Similar Nearby Businesses Who Received PPP Funding:
Superior Air-Ground Ambulance Of Michigan, Inc
Elmhurst, IL
Superior Air-Ground Ambulance Of Indiana, Inc
Elmhurst, IL
Industry PPP Comparison Statistics
Nationwide, 2,115 businesses in the "Ambulance Services" industry received a total of $665,909,225.00 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 37 employees, 93% lower than Superior Air-Ground Ambulance Service Inc.'s reported 500 employees, and received an average PPP loan of $314,851, 95% lower than this company's loan of $6M.
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.
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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