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PPP Loan Data — Inland Investment Real Estate Service, Inc,
Oak Brook, 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.
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PPP Loan Information
Loan #7689987105
Loan Size:
Jobs Retained:
456Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
KeyBank National AssociationInland 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.
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, 2022.
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, Inland Investment Real Estate Service, Inc's 2019 payroll expenses are estimated to be at least $29.85M.
Based on their reported 456 jobs retained, this equals an estimated average yearly compensation of $65,463 per employee1
Reported PPP Proceed Usage:
On the PPP application, Inland Investment Real Estate Service, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,218,984
Business Information - Inland Investment Real Estate Service, Inc in Oak Brook, IL
2901 Butterfield Road
Oak Brook, IL 60523
Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 6 other businesses that received a PPP loan registered to the same address as Inland Investment Real Estate Service, Inc.
Executive Association Management LLC
Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)
Professional Studies Institute, Inc
Administration of Education Programs
Inland Private Capital Corporation
Other Activities Related to Real Estate
Inland Securities Corporation
Securities Brokerage
Inland Real Estate Investment Corporation
Other Activities Related to Real Estate
The Inland Real Estate Group, LLC
Other Activities Related to Real Estate
Similar Companies near Oak Brook
In the Oak Brook area, 39 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 456) and received an average PPP loan of $235,459 (compared to this company's $6.22M).
Similar Nearby Businesses Who Received PPP Funding:
Lina Shah, Inc
Oak Brook, IL
Nnlh Real Estate Corp
Oak Brook, IL
Douglas Nelson
Oak Brook, IL
Professional Residential Brokerage, LLC
Oak Brook, IL
M3 Murphy Marketing And Media LLC
Oak Brook, IL
Pescara Lake, Inc
Oak Brook, IL
SFP Commercial Real Estate LLC
Oak Brook, IL
Shifa International LLC
Oak Brook, IL
Industry PPP Comparison Statistics
Nationwide, 251,830 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.67B 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 $22,531, 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, 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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