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PPP Loan Data — United Laboratories Inc,
Saint Charles, IL
United Laboratories Inc
Entity: Trust
Industry: All Other Basic Organic Chemical Manufacturing
Location: Saint Charles, IL
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United Laboratories Inc is a trust located at 320 37th Ave in Saint Charles, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,034,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
236Loan Approved:
2020-04-14Lender:
BMO HARRIS BANK NATIONAL ASSOCIATIONUnited Laboratories Inc received a Paycheck Protection Loan of $3.03M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, United Laboratories Inc's total 2019 payroll expenses were approximately $14.57M in order to qualify for the PPP loan amount received.
Based on their reported 236 jobs retained, this equals an estimated average yearly compensation of $61,719 per employee1.
Business Information - United Laboratories Inc in Saint Charles, IL
320 37th Ave
Saint Charles, IL 60174
Business Industry
All Other Basic Organic Chemical Manufacturing (NAICS code 325199)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-06Industry PPP Comparison Statistics
Nationwide, 494 businesses in the "All Other Basic Organic Chemical Manufacturing" industry received a total of $174,933,064.00 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 19 employees, 92% lower than United Laboratories Inc's reported 236 employees, and received an average PPP loan of $354,116, 88% lower than this company's loan of $3.03M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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