PPP Loan Data — Wheaton Snow & Ice, Inc, Arlington Heights, IL
Wheaton Snow & Ice, Inc is a subchapter s corporation located at 2015 S Arlington Heights Rd Ste 113 in Arlington Heights, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wheaton Bank & Trust Company, National Association
Wheaton Snow & Ice, Inc in Arlington Heights, IL received a Paycheck Protection Loan of $25,100 through Wheaton Bank & Trust Company, National Association, which was approved in May, 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 May, 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, Wheaton Snow & Ice, Inc's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wheaton Snow & Ice, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,825
- Utilities: $3,138
- Mortgage Interest: $3,137
Business Information - Wheaton Snow & Ice, Inc in Arlington Heights, IL
2015 S Arlington Heights Rd Ste 113
Arlington Heights, IL 60005
Other Services to Buildings and Dwellings
NAICS code 561790
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Arlington Heights
In the Arlington Heights area, 4 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $21,562 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Chicago Swim Holdings LLC
Arlington Heights, IL
Arlington Air Heating & Cooling Inc
Arlington Heights, IL
Rich And Dana's Cleaning Service
Arlington Hts, IL
Industry PPP Comparison Statistics
Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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 7 employees, 250% higher than Wheaton Snow & Ice, Inc's reported 2 employees, and received an average PPP loan of $45,205, 80% higher than this company's loan of $25,100.
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Footnotes & Information
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