PPP Loan Data — Thomas A. Fink, Chadwick, IL
Thomas A. Fink is a sole proprietorship located at 23493 Argo Fay Rte in Chadwick, Illinois that received a Coronavirus-related PPP loan from the SBA of $46,489.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Farmers National Bank
Thomas A. Fink in Chadwick, IL received a Paycheck Protection Loan of $46,489 through Farmers National Bank, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Thomas A. Fink's 2019 payroll expenses are estimated to be at least $223,147.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,382 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thomas A. Fink reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,484
- Utilities: $1
Business Information - Thomas A. Fink in Chadwick, IL
23493 Argo Fay Rte
Chadwick, IL 61014
Oilseed and Grain Combination Farming
NAICS code 111191
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Chadwick
In the Chadwick area, 14 businesses in the "Oilseed and Grain Combination Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 3) and received an average PPP loan of $21,012 (compared to this company's $46,489).
Similar Nearby Businesses Who Received PPP Funding:
Gary L Poliska
Steven L Queckboerner
Carollynn E. Fink
Rahn Seed And Service
Jeff K Cox
Industry PPP Comparison Statistics
Nationwide, 32,716 businesses in the "Oilseed and Grain Combination Farming" industry received a total of $644.3M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 2 employees, 33% lower than Thomas A. Fink's reported 3 employees, and received an average PPP loan of $19,694, 58% lower than this company's loan of $46,489.
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Footnotes & Information
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