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PPP Loan Data — GI Partners Of Illinois LLC,
Libertyville, IL
GI Partners Of Illinois LLC
Entity: Limited Liability Company (LLC)
Industry: Lessors of Residential Buildings and Dwellings
Location: Libertyville, IL
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GI Partners Of Illinois LLC is a limited liability company (LLC) located at 1880 W Winchester Rd Ste 104 in Libertyville, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,905,060.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
257Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONGI Partners Of Illinois LLC in Libertyville, IL received a Paycheck Protection Loan of $2.91M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, GI Partners Of Illinois LLC's total 2019 payroll expenses were approximately $13.94M in order to qualify for the PPP loan amount received.
Based on their reported 257 jobs retained, this equals an estimated average yearly compensation of $54,258 per employee1.
Business Information - GI Partners Of Illinois LLC in Libertyville, IL
1880 W Winchester Rd Ste 104
Libertyville, IL 60048
Business Industry
Lessors of Residential Buildings and Dwellings (NAICS code 531110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-10Similar Companies near Libertyville
In the Libertyville area, 19 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 257) and received an average PPP loan of $182,021 (compared to this company's $2.91M).
Similar Nearby Businesses Who Received PPP Funding:
Meadow View Associates II LP
Libertyville, IL
River Road Apt Management LLC
Libertyville, IL
TS Buildings, LLC
Lake Zurich, IL
Rome Meadows Associates III LP
Libertyville, IL
River Run Apartments, LLC
Libertyville, IL
Gregg Handrich
Libertyville, IL
MDN Development Inc.
Long Grove, IL
Galesburg Towers Associates III LP
Libertyville, IL
Haoyue Investments LLC
Long Grove, IL
Industry PPP Comparison Statistics
Nationwide, 20,568 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $1,664,555,814.00 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 8 employees, 97% lower than GI Partners Of Illinois LLC's reported 257 employees, and received an average PPP loan of $80,929, 97% lower than this company's loan of $2.91M.
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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