PPP Loan Data — Chicago Painting Inc, Las Vegas, NV
Chicago Painting Inc is a subchapter s corporation located at 4343 Polaris Ave in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $4,399,754.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 442 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Chicago Painting Inc in Las Vegas, NV received a Paycheck Protection Loan of $4.4M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Chicago Painting Inc's total 2019 payroll expenses were approximately $21.12M in order to qualify for the PPP loan amount received.
Based on their reported 442 jobs retained, this equals an estimated average yearly compensation of $47,780 per employee1.
Business Information - Chicago Painting Inc in Las Vegas, NV
4343 Polaris Ave
Las Vegas, NV 89103
Painting and Wall Covering Contractors (NAICS code 238320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NV-01
Similar Companies near Las Vegas
In the Las Vegas area, 4 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 116 employees (compared to this company's 442) and received an average PPP loan of $1,155,893 (compared to this company's $4.4M).
Similar Nearby Businesses Who Received PPP Funding:
Las Vegas, NV
Las Vegas, NV
A2Z Development Group
Las Vegas, NV
Industry PPP Comparison Statistics
Nationwide, 19,970 businesses in the "Painting and Wall Covering Contractors" industry received a total of $1,410,716,974.00 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 6 employees, 99% lower than Chicago Painting Inc's reported 442 employees, and received an average PPP loan of $70,642, 98% lower than this company's loan of $4.4M.
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.
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