PPP Loan Data — Triangle Package Machinery Co., Chicago, IL
Triangle Package Machinery Co. is a corporation located at 6655 W Diversey Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,401,200.00 in April, 2020.
$ PPP Loan Information
Lender:NORTHBROOK BANK & TRUST COMPANY, NATIONAL ASSOCIATION
Triangle Package Machinery Co. received a Paycheck Protection Loan of $3.4M through NORTHBROOK BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Triangle Package Machinery Co.'s total 2019 payroll expenses were approximately $16.33M in order to qualify for the PPP loan amount received.
Based on their reported 164 jobs retained, this equals an estimated average yearly compensation of $99,547 per employee1.
Business Information - Triangle Package Machinery Co. in Chicago, IL
6655 W Diversey Ave
Chicago, IL 60707
Packaging Machinery Manufacturing (NAICS code 333993)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-05
Industry PPP Comparison Statistics
Nationwide, 364 businesses in the "Packaging Machinery Manufacturing" industry received a total of $135,955,911.00 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, 86% lower than Triangle Package Machinery Co.'s reported 164 employees, and received an average PPP loan of $373,505, 89% lower than this company's loan of $3.4M.
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Footnotes & Information
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