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PPP Loan Data — Family Entertainment Group Holding,
Itasca, IL
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:
268Loan Approved:
2020-04-13Lender:
WEBSTER BANK, NATIONAL ASSOCIATIONFamily 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.
Business Information - Family Entertainment Group Holding in Itasca, IL
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-08Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Cara Schlecker Ketter
Itasca, IL
William Peterson
Itasca, IL
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.
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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