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PPP Loan Data — Universal Beauty Products Inc,
Glendale Heights, IL
Universal Beauty Products Inc
Entity: Subchapter S Corporation
Industry: Other Basic Inorganic Chemical Manufacturing
Location: Glendale Heights, IL
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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
Loan Size:
Jobs Retained:
194Loan Approved:
2020-04-07Lender:
THE HUNTINGTON NATIONAL BANKUniversal 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
Business Industry
Other Basic Inorganic Chemical Manufacturing (NAICS code 325180)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: IL-08Industry 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.
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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