PPP Loan Data — Hogsalt Management, Inc., Chicago, IL
Hogsalt Management, Inc. is a corporation located at 936 W Huron St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $7,169,100.00 in April, 2020.
$ PPP Loan Information
Lender:WINTRUST BANK, NATIONAL ASSOCIATION
Hogsalt Management, Inc. received a Paycheck Protection Loan of $7.17M through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hogsalt Management, Inc.'s total 2019 payroll expenses were approximately $34.41M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $68,823 per employee1.
Business Information - Hogsalt Management, Inc. in Chicago, IL
936 W Huron St
Chicago, IL 60642
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-05
Similar Companies near Chicago
In the Chicago area, 87 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 500) and received an average PPP loan of $201,714 (compared to this company's $7.17M).
Similar Nearby Businesses Who Received PPP Funding:
Grayland Pub Inc
Elm Street Townhouse LLC
Irving Donuts Inc
Mart Anthony, Inc.
Spicy Rice Cakes, LLC
Alinea Restaurant LLC
Beverly Pizza Inc
Westside Entertainment Inc
Eris Brewery And Cider House, LLC
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than Hogsalt Management, Inc.'s reported 500 employees, and received an average PPP loan of $116,685, 98% lower than this company's loan of $7.17M.
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