PPP Loan Data — USW Holding Company, LLC, Wheeling, IL
USW Holding Company, LLC is a limited liability company (LLC) located at 270 W Palatine Rd in Wheeling, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,468,500.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 166 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farmers & Merchants Savings Bank
USW Holding Company, LLC in Wheeling, IL received a Paycheck Protection Loan of $2.47M through Farmers & Merchants Savings Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, USW Holding Company, LLC's 2019 payroll expenses are estimated to be at least $11.85M.
Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $71,378 per employee1
Reported PPP Proceed Usage:
On the PPP application, USW Holding Company, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,974,750
- Utilities: $62,752
- Rent: $154,087
- Health Care: $125,578
- Debt Interest: $151,333
Business Information - USW Holding Company, LLC in Wheeling, IL
270 W Palatine Rd
Wheeling, IL 60090
Bottled Water Manufacturing
NAICS code 312112
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 818 businesses in the "Bottled Water Manufacturing" industry received a total of $102.76M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 92% lower than USW Holding Company, LLC's reported 166 employees, and received an average PPP loan of $125,620, 95% lower than this company's loan of $2.47M.
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Footnotes & Information
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