PPP Loan Data — Blue Plate Catering, Chicago, IL
Blue Plate Catering is a corporation located at 1362 W Fulton Street in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,695,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 492 people during the applicable loan loan period.
$ PPP Loan Information
Lender:WINTRUST BANK, NATIONAL ASSOCIATION
Blue Plate Catering received a Paycheck Protection Loan of $2.7M through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Blue Plate Catering's total 2019 payroll expenses were approximately $12.94M in order to qualify for the PPP loan amount received.
Based on their reported 492 jobs retained, this equals an estimated average yearly compensation of $26,299 per employee1.
Business Information - Blue Plate Catering in Chicago, IL
1362 W Fulton Street
Chicago, IL 60607
Caterers (NAICS code 722320)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 17 businesses in the "Caterers" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 492) and received an average PPP loan of $192,175 (compared to this company's $2.7M).
Similar Nearby Businesses Who Received PPP Funding:
Catering By May St LLC
Sun & Moon Company
Outside The Box Events And Catering
Puffs Of Doom, LLC
JJ Catering & Events
Industry PPP Comparison Statistics
Nationwide, 10,381 businesses in the "Caterers" industry received a total of $747,617,656.00 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 11 employees, 98% lower than Blue Plate Catering's reported 492 employees, and received an average PPP loan of $72,018, 97% lower than this company's loan of $2.7M.
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.
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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