PPP Loan Data — Howl USA, LLC, Chicago, IL
Howl USA, LLC is a limited liability company (LLC) located at 30 W. Hubbard St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,429,500.00 in April, 2020.
$ PPP Loan Information
Lender:OLD SECOND NATIONAL BANK
Howl USA, LLC in Chicago, IL received a Paycheck Protection Loan of $3.43M through OLD SECOND NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Howl USA, LLC's total 2019 payroll expenses were approximately $16.46M in order to qualify for the PPP loan amount received.
Based on their reported 489 jobs retained, this equals an estimated average yearly compensation of $33,664 per employee1.
Business Information - Howl USA, LLC in Chicago, IL
30 W. Hubbard St
Chicago, IL 60654
Drinking Places (Alcoholic Beverages) (NAICS code 722410)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 28 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 489) and received an average PPP loan of $246,015 (compared to this company's $3.43M).
Similar Nearby Businesses Who Received PPP Funding:
Meesha B Luxury Nail Lounge LLC
Swill Bar Inn LLC
29 West Hubbard Corporation
Washington Square Liquors Inc
Taureaux Tavern, LLC
Lawlors On 111Th
Maillard Tavern LLC
Lino's Restaurant, Inc.
MJ Ontario, Inc DBA Y-Bar
Industry PPP Comparison Statistics
Nationwide, 22,956 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $1,278,244,035.00 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 11 employees, 98% lower than Howl USA, LLC's reported 489 employees, and received an average PPP loan of $55,682, 98% lower than this company's loan of $3.43M.
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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