PPP Loan Data — UPG Enterprises LLC, Chicago, IL
UPG Enterprises LLC
Entity: Limited Liability Company (LLC)
Location: Chicago, ILTweet This • Search All PPP Data
UPG Enterprises LLC is a limited liability company (LLC) located at 1400 16th St. in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,397,542.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
UPG Enterprises LLC in Chicago, IL received a Paycheck Protection Loan of $3.4M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, UPG Enterprises LLC's total 2019 payroll expenses were approximately $16.31M in order to qualify for the PPP loan amount received.
Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $88,152 per employee1.
Business Information - UPG Enterprises LLC in Chicago, IL
1400 16th St.
Chicago, IL 60523
Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (NAICS code 331210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-05
Industry PPP Comparison Statistics
Nationwide, 804 businesses in the "Iron and Steel Pipe and Tube Manufacturing from Purchased Steel" industry received a total of $294,504,645.00 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 27 employees, 85% lower than UPG Enterprises LLC's reported 185 employees, and received an average PPP loan of $366,299, 89% lower than this company's loan of $3.4M.
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, 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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