PPP Loan Data — Cassiday Schade LLP, Chicago, IL
Cassiday Schade LLP is a partnership located at 222 W. Adams Street Suite 2900 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,400,250.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Cassiday Schade LLP in Chicago, IL received a Paycheck Protection Loan of $3.4M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cassiday Schade LLP's total 2019 payroll expenses were approximately $16.32M in order to qualify for the PPP loan amount received.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $96,007 per employee1.
Business Information - Cassiday Schade LLP in Chicago, IL
222 W. Adams Street Suite 2900
Chicago, IL 60606
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 375 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 170) and received an average PPP loan of $308,610 (compared to this company's $3.4M).
Similar Nearby Businesses Who Received PPP Funding:
Huston May & Fayez LLC
The Albert Law Firm, PC
Litchfield Cavo LLP
The Patterson Law Firm, LLC
Baum Sigman Auerbach & Neuman, LTD
Christine M Hunt PC
The August Group, LTD
Spngnardi Baiocchi LLP
Grant Law, LLC
Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 96% lower than Cassiday Schade LLP's reported 170 employees, and received an average PPP loan of $94,010, 97% lower than this company's loan of $3.4M.
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, 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.
Have FederalPay.org's open data tools been valuable? Consider donating!