FederalPay.org
PPP Loan Data — Milwaukee City Center, LLC,
Milwaukee, WI
Milwaukee City Center, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Milwaukee, WI
Tweet This
•
Search All PPP Data
Milwaukee City Center, LLC is a limited liability company (LLC) located at 509 W. Wisconsin Ave. in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,765,360.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
367Loan Approved:
2020-04-09Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONMilwaukee City Center, LLC received a Paycheck Protection Loan of $2.77M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Milwaukee City Center, LLC's total 2019 payroll expenses were approximately $13.27M in order to qualify for the PPP loan amount received.
Based on their reported 367 jobs retained, this equals an estimated average yearly compensation of $36,168 per employee1.
Business Information - Milwaukee City Center, LLC in Milwaukee, WI
509 W. Wisconsin Ave.
Milwaukee, WI 53203
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: WI-04Similar Companies near Milwaukee
In the Milwaukee area, 15 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 367) and received an average PPP loan of $909,674 (compared to this company's $2.77M).
Similar Nearby Businesses Who Received PPP Funding:
PA Management, LLC
Milwaukee, WI
Pfister, LLC
Milwaukee, WI
Wisconsin & Milwaukee Hotel, LLC
Milwaukee, WI
Research Park Hotel, LLC
Milwaukee, WI
West Milwaukee Hotel LLC
Milwaukee, WI
Wisconsin Ave Partners LLC
Milwaukee, WI
Seal Milwaukee, LLC
Milwaukee, WI
Jswd Commerce LLC
Milwaukee, WI
Marcus W, LLC
Milwaukee, WI
Industry PPP Comparison Statistics
Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 94% lower than Milwaukee City Center, LLC's reported 367 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.77M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!