The Custom Companies, Inc. in Melrose Park, IL - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — The Custom Companies, Inc., Melrose Park, IL

The Custom Companies, Inc.

Entity: Corporation

Industry: Inland Water Freight Transportation

Location: Melrose Park, IL

The Custom Companies, Inc. is a corporation located at 135 N Railroad Ave in Melrose Park, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,733,436.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.73M

Jobs Retained:

467

Loan Approved:

2020-04-05

Lender:

RADIUS BANK

The Custom Companies, Inc. in Melrose Park, IL received a Paycheck Protection Loan of $3.73M through RADIUS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Custom Companies, Inc.'s total 2019 payroll expenses were approximately $17.92M in order to qualify for the PPP loan amount received.

Based on their reported 467 jobs retained, this equals an estimated average yearly compensation of $38,374 per employee¹.

Because the loan received by The Custom Companies, 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 - The Custom Companies, Inc. in Melrose Park, IL

The Custom Companies, Inc.
135 N Railroad Ave
Melrose Park, IL 60164

Business Industry

Inland Water Freight Transportation (NAICS code 483211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-04

Industry PPP Comparison Statistics

Nationwide, 330 businesses in the "Inland Water Freight Transportation" industry received a total of $147,774,851.00 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 26 employees, 94% lower than The Custom Companies, Inc.'s reported 467 employees, and received an average PPP loan of $447,803, 88% lower than this company's loan of $3.73M.

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.

Search FederalPay's Full PPP Loan Database

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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