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PPP Loan Data — Superior Corp Of Illinois, Elk Grove Village, IL

SBA PPP loan data, payroll data, and salaries for Superior Corp Of Illinois
IL

Superior Corp Of Illinois

Entity: Subchapter S Corporation

Industry: Flooring Contractors

Location: Elk Grove Village, IL

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Superior Corp Of Illinois is a subchapter s corporation located at 94 Garlisch Dr in Elk Grove Village, Illinois that received a Coronavirus-related PPP loan from the SBA of $538,718.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 50 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$538,718

Jobs Retained:

50

Loan Approved:

2020-04-07

Lender:

FIRST MIDWEST BANK

Superior Corp Of Illinois received a Paycheck Protection Loan of $538,718 through FIRST MIDWEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Superior Corp Of Illinois' total 2019 payroll expenses were approximately $2.59M in order to qualify for the PPP loan amount received.

Based on their reported 50 jobs retained, this equals an estimated average yearly compensation of $51,717 per employee1.

Business Information - Superior Corp Of Illinois in Elk Grove Village, IL

Superior Corp Of Illinois
94 Garlisch Dr
Elk Grove Village, IL 60007

Business Industry

Flooring Contractors (NAICS code 238330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: IL-08

Similar Companies near Elk Grove Village

In the Elk Grove Village area, 6 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 50) and received an average PPP loan of $981,120 (compared to this company's $538,718).

Industry PPP Comparison Statistics

Nationwide, 11,459 businesses in the "Flooring Contractors" industry received a total of $864,656,941.00 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 6 employees, 88% lower than Superior Corp Of Illinois' reported 50 employees, and received an average PPP loan of $75,457, 86% lower than this company's loan of $538,718.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/superior-corp-of-illinois-elk-grove-village-il