PPP Loan Data — Universal Beauty Products Inc, Glendale Heights, IL
Universal Beauty Products Inc is a subchapter s corporation located at 500 Wall Street in Glendale Heights, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,525,300.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 194 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Universal Beauty Products Inc received a Paycheck Protection Loan of $2.53M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Universal Beauty Products Inc's total 2019 payroll expenses were approximately $12.12M in order to qualify for the PPP loan amount received.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $62,482 per employee1.
Business Information - Universal Beauty Products Inc in Glendale Heights, IL
500 Wall Street
Glendale Heights, IL 60139
Other Basic Inorganic Chemical Manufacturing (NAICS code 325180)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IL-08
Industry PPP Comparison Statistics
Nationwide, 329 businesses in the "Other Basic Inorganic Chemical Manufacturing" industry received a total of $115,534,247.00 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 22 employees, 89% lower than Universal Beauty Products Inc's reported 194 employees, and received an average PPP loan of $351,168, 86% lower than this company's loan of $2.53M.
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Footnotes & Information
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