PPP Loan Data — Fooda, Inc., Chicago, IL
Fooda, Inc. is a corporation located at 255 W Randolph St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,695,700.00 in April, 2020.
$ PPP Loan Information
Lender:WESTERN ALLIANCE BANK
Fooda, Inc. received a Paycheck Protection Loan of $5.7M through WESTERN ALLIANCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Fooda, Inc.'s total 2019 payroll expenses were approximately $27.34M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $91,131 per employee1.
Business Information - Fooda, Inc. in Chicago, IL
255 W Randolph St
Chicago, IL 60606
Mobile Food Services (NAICS code 722330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Industry PPP Comparison Statistics
Nationwide, 4,341 businesses in the "Mobile Food Services" industry received a total of $119,221,854.00 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 5 employees, 98% lower than Fooda, Inc.'s reported 300 employees, and received an average PPP loan of $27,464, 100% lower than this company's loan of $5.7M.
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Footnotes & Information
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