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PPP Loan Data — Family Entertainment Group Holding, Itasca, IL

SBA PPP loan data, payroll data, and salaries for Family Entertainment Group Holding

Family Entertainment Group Holding

Entity: Limited Liability Company (LLC)

Industry: Independent Artists, Writers, and Performers

Location: Itasca, IL

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Family Entertainment Group Holding is a limited liability company (LLC) located at 1265 Hamilton Pkwy in Itasca, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,010,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Family Entertainment Group Holding in Itasca, IL received a Paycheck Protection Loan of $4.01M through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Family Entertainment Group Holding's total 2019 payroll expenses were approximately $19.25M in order to qualify for the PPP loan amount received.

Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $71,821 per employee1.

Because the loan received by Family Entertainment Group Holding 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 - Family Entertainment Group Holding in Itasca, IL

Family Entertainment Group Holding
1265 Hamilton Pkwy
Itasca, IL 60143

Business Industry

Independent Artists, Writers, and Performers (NAICS code 711510)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-08

Similar Companies near Itasca

In the Itasca area, 3 businesses in the "Independent Artists, Writers, and Performers" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 268) and received an average PPP loan of $1,338,990 (compared to this company's $4.01M).

Industry PPP Comparison Statistics

Nationwide, 23,022 businesses in the "Independent Artists, Writers, and Performers" industry received a total of $493,708,991.00 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 2 employees, 99% lower than Family Entertainment Group Holding's reported 268 employees, and received an average PPP loan of $21,445, 99% lower than this company's loan of $4.01M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **