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PPP Loan Data — Green Metro Planning LLC,
Aurora, IL
Green Metro Planning LLC
Entity: Limited Liability Company (LLC)
Industry: Engineering Services
Location: Aurora, IL
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Green Metro Planning LLC is a limited liability company (LLC) located at 673 Clarendon Ln in Aurora, Illinois that received a Coronavirus-related PPP loan from the SBA of $61,662.00 in February, 2021.
$
PPP Loan Information
Loan #4826378404
Loan Size:
Jobs Retained:
8Loan Approved:
2021-02-07Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationGreen Metro Planning LLC in Aurora, IL received a Paycheck Protection Loan of $61,662 through JPMorgan Chase Bank, National Association, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Green Metro Planning LLC's 2019 payroll expenses are estimated to be at least $295,978.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $36,997 per employee1
Reported PPP Proceed Usage:
On the PPP application, Green Metro Planning LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $61,660
- Utilities: $1
Business Information - Green Metro Planning LLC in Aurora, IL
673 Clarendon Ln
Aurora, IL 60504
Business Industry:
Engineering Services
NAICS code 541330
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Aurora
In the Aurora area, 6 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 8) and received an average PPP loan of $1,199,565 (compared to this company's $61,662).
Similar Nearby Businesses Who Received PPP Funding:
Engineering Services Group, Inc
Aurora, IL
Engineering Systems Inc
Aurora, IL
Meritcorp Group, LLC
Aurora, IL
Minhajuddin Farrukh
Aurora, IL
Industry PPP Comparison Statistics
Nationwide, 46,579 businesses in the "Engineering Services" industry received a total of $9.17B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 63% higher than Green Metro Planning LLC's reported 8 employees, and received an average PPP loan of $196,935, 219% higher than this company's loan of $61,662.
Green Metro Planning, LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Professional, Scientific, and Technical Services
Location: Aurora, IL
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Green Metro Planning, LLC is a limited liability company (LLC) located at 673 Clarendon Ln in Aurora, Illinois that received a Coronavirus-related PPP loan from the SBA of $88,140.00 in May, 2020.
$
PPP Loan Information
Loan #1861217702
Loan Size:
Jobs Retained:
6Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationGreen Metro Planning, LLC in Aurora, IL received a Paycheck Protection Loan of $88,140 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Green Metro Planning, LLC's 2019 payroll expenses are estimated to be at least $423,072.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $70,512 per employee1
Reported PPP Proceed Usage:
On the PPP application, Green Metro Planning, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $84,389
- Utilities: $282
- Rent: $3,469
Business Information - Green Metro Planning, LLC in Aurora, IL
673 Clarendon Ln
Aurora, IL 60504
Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Aurora
In the Aurora area, 23 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 6) and received an average PPP loan of $21,904 (compared to this company's $88,140).
Similar Nearby Businesses Who Received PPP Funding:
Robert Tiani
Aurora, IL
Mary Kanjama
Aurora, IL
Proexl Inc
Aurora, IL
Allen Singh
Aurora, IL
FNF Consulting Inc
Aurora, IL
Jose Perez
Aurora, IL
Olivia Kenady
Aurora, IL
Napoleon Asu
Aurora, IL
Industry PPP Comparison Statistics
Nationwide, 128,302 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.37B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 17% lower than Green Metro Planning, LLC's reported 6 employees, and received an average PPP loan of $57,481, 35% lower than this company's loan of $88,140.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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