PPP Loan Data — United Conveyor Corporation, Waukegan, IL
United Conveyor Corporation is a subchapter s corporation located at 2100 Norman Drive West in Waukegan, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,845,092.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
United Conveyor Corporation received a Paycheck Protection Loan of $3.85M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, United Conveyor Corporation's total 2019 payroll expenses were approximately $18.46M in order to qualify for the PPP loan amount received.
Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $97,653 per employee1.
Business Information - United Conveyor Corporation in Waukegan, IL
2100 Norman Drive West
Waukegan, IL 60085
Conveyor and Conveying Equipment Manufacturing (NAICS code 333922)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-10
Industry PPP Comparison Statistics
Nationwide, 409 businesses in the "Conveyor and Conveying Equipment Manufacturing" industry received a total of $209,433,358.00 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 30 employees, 84% lower than United Conveyor Corporation's reported 189 employees, and received an average PPP loan of $512,062, 87% lower than this company's loan of $3.85M.
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Footnotes & Information
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