PPP Loan Data — United Chemi-Con, Inc., Rolling Meadows, IL
United Chemi-Con, Inc.
Location: Rolling Meadows, ILTweet This • Search All PPP Data
United Chemi-Con, Inc. is a corporation located at 1701 Golf Road Suite 1 - 1200 in Rolling Meadows, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,024,562.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF THE WEST
United Chemi-Con, Inc. received a Paycheck Protection Loan of $3.02M through BANK OF THE WEST, which was approved in April, 2020.
Based on standard PPP eligibility rules, United Chemi-Con, Inc.'s total 2019 payroll expenses were approximately $14.52M in order to qualify for the PPP loan amount received.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $67,525 per employee1.
Business Information - United Chemi-Con, Inc. in Rolling Meadows, IL
1701 Golf Road Suite 1 - 1200
Rolling Meadows, IL 60008
Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing (NAICS code 334416)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-08
Industry PPP Comparison Statistics
Nationwide, 243 businesses in the "Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing" industry received a total of $106,467,182.00 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 36 employees, 83% lower than United Chemi-Con, Inc.'s reported 215 employees, and received an average PPP loan of $438,137, 86% lower than this company's loan of $3.02M.
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