PPP Loan Data — LES Mills United States Trading Inc, Chicago, IL
LES Mills United States Trading Inc is a corporation located at 363 W Erie St Ste 200 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,579,037.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
LES Mills United States Trading Inc in Chicago, IL received a Paycheck Protection Loan of $1.58M through Bank of America, 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 January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, LES Mills United States Trading Inc's 2019 payroll expenses are estimated to be at least $7.58M.
Based on their reported 81 jobs retained, this equals an estimated average yearly compensation of $93,573 per employee1
Reported PPP Proceed Usage:
On the PPP application, LES Mills United States Trading Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,579,037
Business Information - LES Mills United States Trading Inc in Chicago, IL
363 W Erie St Ste 200
Chicago, IL 60654
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 59 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 81) and received an average PPP loan of $77,969 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
Heart And Soul Fitness LLC
G.o.a.t. Climb And Cryo
Mettle Fitness LLC
Barre It All LLC
River North LLC
Julie Arthur LLC
Industry PPP Comparison Statistics
Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 85% lower than LES Mills United States Trading Inc's reported 81 employees, and received an average PPP loan of $47,823, 97% lower than this company's loan of $1.58M.
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Footnotes & Information
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