PPP Loan Data — U.S. Waterproofing & Construction Co., Rolling Meadows, IL
U.S. Waterproofing & Construction Co. is a subchapter s corporation located at 5650 Meadowbrook in Rolling Meadows, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,488,352.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 180 people during the applicable loan loan period.
$ PPP Loan Information
Lender:WINTRUST BANK, NATIONAL ASSOCIATION
U.S. Waterproofing & Construction Co. in Rolling Meadows, IL received a Paycheck Protection Loan of $2.49M through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, U.S. Waterproofing & Construction Co.'s total 2019 payroll expenses were approximately $11.94M in order to qualify for the PPP loan amount received.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $66,356 per employee1.
Business Information - U.S. Waterproofing & Construction Co. in Rolling Meadows, IL
Rolling Meadows, IL 60008
Other Building Finishing Contractors (NAICS code 238390)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IL-08
Similar Companies near Rolling Meadows
In the Rolling Meadows area, 4 businesses in the "Other Building Finishing Contractors" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 180) and received an average PPP loan of $740,313 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
Jacobs & Son, Inc.
Rolling Meadows, IL
M Acino Decorating Inc DBA Acino & Sons Decorating Inc
Elk Grove Village, IL
Elk Grove Village, IL
Industry PPP Comparison Statistics
Nationwide, 7,067 businesses in the "Other Building Finishing Contractors" industry received a total of $733,532,028.00 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 8 employees, 96% lower than U.S. Waterproofing & Construction Co.'s reported 180 employees, and received an average PPP loan of $103,797, 96% lower than this company's loan of $2.49M.
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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