PPP Loan Data — Johnson & Bell, LTD, Chicago, IL
Johnson & Bell, LTD is a limited liability company (LLC) located at 33 W. Monroe Street, Ste. 2700 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,732,100.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HOME BANK
Johnson & Bell, LTD received a Paycheck Protection Loan of $3.73M through FIRST HOME BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Johnson & Bell, LTD's total 2019 payroll expenses were approximately $17.91M in order to qualify for the PPP loan amount received.
Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $90,475 per employee1.
Business Information - Johnson & Bell, LTD in Chicago, IL
33 W. Monroe Street, Ste. 2700
Chicago, IL 60603
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 781 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 198) and received an average PPP loan of $161,793 (compared to this company's $3.73M).
Similar Nearby Businesses Who Received PPP Funding:
Law Office Of Deborah D Lollis, LLC
Kenneth Y Geman & Associates
Armstrong & Marchiori PC
Hoogendoorn & Talbot LLP
Schwartz Gilligan LTD
Thomas Jeremiah Murphy, PC
Richman, Goldberg & Gorham, LLC
Gordon & Perlut, LLC
Cutler & Hull
Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 97% lower than Johnson & Bell, LTD's reported 198 employees, and received an average PPP loan of $94,010, 97% lower than this company's loan of $3.73M.
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.
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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