PPP Loan Data — Swiss Automation, Inc., Barrington, IL
Swiss Automation, Inc. is a located at 1020 W. Northwest Hwy in Barrington, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,224,900.00 in May, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Swiss Automation, Inc. received a Paycheck Protection Loan of $3.22M through FIFTH THIRD BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Swiss Automation, Inc.'s total 2019 payroll expenses were approximately $15.48M in order to qualify for the PPP loan amount received.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $55,284 per employee1.
Business Information - Swiss Automation, Inc. in Barrington, IL
1020 W. Northwest Hwy
Barrington, IL 60010
Precision Turned Product Manufacturing (NAICS code 332721)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-06
Industry PPP Comparison Statistics
Nationwide, 903 businesses in the "Precision Turned Product Manufacturing" industry received a total of $306,716,117.00 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 23 employees, 92% lower than Swiss Automation, Inc.'s reported 280 employees, and received an average PPP loan of $339,663, 89% lower than this company's loan of $3.22M.
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Footnotes & Information
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