PPP Loan Data — Norridge Gardens LLC, Skokie, IL
Norridge Gardens LLC
Entity: Limited Liability Company (LLC)
Location: Skokie, ILTweet This • Search All PPP Data
Norridge Gardens LLC is a limited liability company (LLC) located at 8170 Mccormick, Suite 137 in Skokie, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,779,128.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:West Suburban Bank
Norridge Gardens LLC in Skokie, IL received a Paycheck Protection Loan of $1.78M through West Suburban Bank, 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, Norridge Gardens LLC's 2019 payroll expenses are estimated to be at least $8.54M.
Based on their reported 312 jobs retained, this equals an estimated average yearly compensation of $27,371 per employee1
Reported PPP Proceed Usage:
On the PPP application, Norridge Gardens LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,779,128
Business Information - Norridge Gardens LLC in Skokie, IL
8170 Mccormick, Suite 137
Skokie, IL 60076
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Skokie
In the Skokie area, 70 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 312) and received an average PPP loan of $619,476 (compared to this company's $1.78M).
Similar Nearby Businesses Who Received PPP Funding:
Pine Crest Health Care LLC
Great Lakes Staffing LLC
TRN Milwaukee LLC
Inman Operations LLC
Austin Oasis LLC
Prairie Oasis, LLC
Crossroads Care Center Of Woodstock
Briar Place Nursing, LLC
Peoria Slf LLC
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 81% lower than Norridge Gardens LLC's reported 312 employees, and received an average PPP loan of $442,944, 75% lower than this company's loan of $1.78M.
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Footnotes & Information
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