PPP Loan Data — Kava Restaurants LLC, Chicago, IL
Kava Restaurants LLC is a limited liability company (LLC) located at 222 S. Riverside Plaza in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,731,800.00 in April, 2020.
$ PPP Loan Information
Lender:OSGOOD STATE BANK
Kava Restaurants LLC received a Paycheck Protection Loan of $3.73M through OSGOOD STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kava Restaurants LLC's total 2019 payroll expenses were approximately $17.91M 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 $35,825 per employee1.
Business Information - Kava Restaurants LLC in Chicago, IL
222 S. Riverside Plaza
Chicago, IL 60606
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 67 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 500) and received an average PPP loan of $299,494 (compared to this company's $3.73M).
Similar Nearby Businesses Who Received PPP Funding:
V W Investments Inc
Seva Companies LLC
ALS 1 Italian Beef Inc
Flaco's Tacos LLC
A&J Creations LLC
Seva Companies LLC
LFP Restaurant Management LLC
1057 W Polk, Inc.
JAI Jaliyaan Inc
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 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 23 employees, 95% lower than Kava Restaurants LLC's reported 500 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $3.73M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!