PPP Loan Data — Thybar Corporation, Addison, IL
Thybar Corporation is a subchapter s corporation located at 913 S Kay Ave in Addison, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,719,052.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Thybar Corporation received a Paycheck Protection Loan of $2.72M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Thybar Corporation's total 2019 payroll expenses were approximately $13.05M in order to qualify for the PPP loan amount received.
Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $56,500 per employee1.
Business Information - Thybar Corporation in Addison, IL
913 S Kay Ave
Addison, IL 60101
Sheet Metal Work Manufacturing (NAICS code 332322)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-08
Similar Companies near Addison
In the Addison area, 6 businesses in the "Sheet Metal Work Manufacturing" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 231) and received an average PPP loan of $741,770 (compared to this company's $2.72M).
Similar Nearby Businesses Who Received PPP Funding:
GLC Industries, Inc.
Quality Fabricators, Inc.
Premier Manufacturing Corporation
Style-Rite Restaurant Equipment Co
Industry PPP Comparison Statistics
Nationwide, 2,639 businesses in the "Sheet Metal Work Manufacturing" industry received a total of $793,668,527.00 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 21 employees, 91% lower than Thybar Corporation's reported 231 employees, and received an average PPP loan of $300,746, 89% lower than this company's loan of $2.72M.
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Footnotes & Information
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