PPP Loan Data — Vaughan & Bushnell Manufacturing Company, Hebron, IL
Vaughan & Bushnell Manufacturing Company is a corporation located at 11414 Maple Avenue in Hebron, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,063,253.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Vaughan & Bushnell Manufacturing Company in Hebron, IL received a Paycheck Protection Loan of $2.06M through Fifth Third Bank, which was approved in April, 2020.
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, Vaughan & Bushnell Manufacturing Company's 2019 payroll expenses are estimated to be at least $9.9M.
Based on their reported 278 jobs retained, this equals an estimated average yearly compensation of $35,625 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vaughan & Bushnell Manufacturing Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,063,253
Business Information - Vaughan & Bushnell Manufacturing Company in Hebron, IL
11414 Maple Avenue
Hebron, IL 60034
Saw Blade and Handtool Manufacturing
NAICS code 332216
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 801 businesses in the "Saw Blade and Handtool Manufacturing" industry received a total of $147.21M 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 17 employees, 94% lower than Vaughan & Bushnell Manufacturing Company's reported 278 employees, and received an average PPP loan of $183,787, 91% lower than this company's loan of $2.06M.
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Footnotes & Information
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