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PPP Loan Data — Inland Investment Real Estate Service, Inc., Oak Brook, IL

SBA PPP loan data, payroll data, and salaries for Inland Investment Real Estate Service, Inc.
IL

Inland Investment Real Estate Service, Inc.

Entity: Corporation

Industry: Offices of Real Estate Agents and Brokers

Location: Oak Brook, IL

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Inland Investment Real Estate Service, Inc. is a corporation located at 2901 Butterfield Road in Oak Brook, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,218,984.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.22M

Jobs Retained:

456

Loan Approved:

2020-04-14

Lender:

KEYBANK NATIONAL ASSOCIATION

Inland Investment Real Estate Service, Inc. in Oak Brook, IL received a Paycheck Protection Loan of $6.22M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Inland Investment Real Estate Service, Inc.'s total 2019 payroll expenses were approximately $29.85M in order to qualify for the PPP loan amount received.

Based on their reported 456 jobs retained, this equals an estimated average yearly compensation of $65,463 per employee1.

Because the loan received by Inland Investment Real Estate Service, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Inland Investment Real Estate Service, Inc. in Oak Brook, IL

Inland Investment Real Estate Service, Inc.
2901 Butterfield Road
Oak Brook, IL 60523

Business Industry

Offices of Real Estate Agents and Brokers (NAICS code 531210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-05

Similar Companies near Oak Brook

In the Oak Brook area, 21 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 456) and received an average PPP loan of $413,518 (compared to this company's $6.22M).

Industry PPP Comparison Statistics

Nationwide, 123,031 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $3,483,797,893.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 100% lower than Inland Investment Real Estate Service, Inc.'s reported 456 employees, and received an average PPP loan of $28,316, 100% lower than this company's loan of $6.22M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/inland-investment-real-estate-service-inc-oak-brook-il