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PPP Loan Data — Wozniak Industries, Inc., Schaumburg, IL

SBA PPP loan data, payroll data, and salaries for Wozniak Industries, Inc.
IL

Wozniak Industries, Inc.

Entity: Subchapter S Corporation

Industry: Metal Crown, Closure, and Other Metal Stamping (except Automotive)

Location: Schaumburg, IL

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Wozniak Industries, Inc. is a subchapter s corporation located at 1901 N Roselle Rd in Schaumburg, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,500,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.5M

Jobs Retained:

198

Loan Approved:

2020-04-08

Lender:

CIBC BANK USA

Wozniak Industries, Inc. received a Paycheck Protection Loan of $3.5M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Wozniak Industries, Inc.'s total 2019 payroll expenses were approximately $16.8M in order to qualify for the PPP loan amount received.

Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $84,848 per employee1.

Because the loan received by Wozniak Industries, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Wozniak Industries, Inc. in Schaumburg, IL

Wozniak Industries, Inc.
1901 N Roselle Rd
Schaumburg, IL 60195

Business Industry

Metal Crown, Closure, and Other Metal Stamping (except Automotive) (NAICS code 332119)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-08

Industry PPP Comparison Statistics

Nationwide, 688 businesses in the "Metal Crown, Closure, and Other Metal Stamping (except Automotive)" industry received a total of $316,503,616.00 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 35 employees, 82% lower than Wozniak Industries, Inc.'s reported 198 employees, and received an average PPP loan of $460,034, 87% lower than this company's loan of $3.5M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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Source: www.federalpay.org/paycheck-protection-program/wozniak-industries-inc-schaumburg-il