PPP Loan Data — Maple & Ash Management, LLC, Chicago, IL
Maple & Ash Management, LLC is a limited liability company (LLC) located at 1050 N State St Ste 202 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,902,762.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:LendingClub Bank, National Association
Maple & Ash Management, LLC in Chicago, IL received a Paycheck Protection Loan of $1.9M through LendingClub Bank, 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 June, 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, Maple & Ash Management, LLC's 2019 payroll expenses are estimated to be at least $9.13M.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $41,515 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maple & Ash Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,902,762
Business Information - Maple & Ash Management, LLC in Chicago, IL
1050 N State St Ste 202
Chicago, IL 60610
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 246 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 220) and received an average PPP loan of $351,639 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
North Star Inn Corp
Mogadishu Restaurant Inc
Oak Street Hospitality LLC
Dublin 4, Inc. DBA D4
Fireplance Inns Inc
44 Holdings Inc
Mother's First Venture LTD
Bravo Restaurants Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 90% lower than Maple & Ash Management, LLC's reported 220 employees, and received an average PPP loan of $129,504, 93% lower than this company's loan of $1.9M.
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Footnotes & Information
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