PPP Loan Data — MCZ Development, LLC, Chicago, IL
MCZ Development, LLC
Location: Chicago, ILTweet This • Search All PPP Data
MCZ Development, LLC is a corporation located at 806 S Peoria in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,700,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:LendingClub Bank, National Association
MCZ Development, LLC in Chicago, IL received a Paycheck Protection Loan of $1.7M through LendingClub Bank, National Association, which was approved in April, 2020.
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, MCZ Development, LLC's 2019 payroll expenses are estimated to be at least $8.16M.
Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $65,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, MCZ Development, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,700,000
Business Information - MCZ Development, LLC in Chicago, IL
806 S Peoria
Chicago, IL 60642
Administration of Urban Planning and Community and Rural Development
NAICS code 925120
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, 2 businesses in the "Administration of Urban Planning and Community and Rural Development" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 125) and received an average PPP loan of $859,895 (compared to this company's $1.7M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 1,008 businesses in the "Administration of Urban Planning and Community and Rural Development" industry received a total of $89.1M 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 10 employees, 92% lower than MCZ Development, LLC's reported 125 employees, and received an average PPP loan of $88,390, 95% lower than this company's loan of $1.7M.
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Footnotes & Information
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