PPP Loan Data — NVN Management, LLC, Chicago, IL
NVN Management, LLC is a limited liability company (LLC) located at 566 W. Lake Stree in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,923,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:LAKE FOREST BANK & TRUST COMPANY, NATIONAL ASSOCIATION
NVN Management, LLC in Chicago, IL received a Paycheck Protection Loan of $5.92M through LAKE FOREST BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, NVN Management, LLC's total 2019 payroll expenses were approximately $28.43M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $56,863 per employee1.
Business Information - NVN Management, LLC in Chicago, IL
566 W. Lake Stree
Chicago, IL 60661
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 34 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 500) and received an average PPP loan of $730,773 (compared to this company's $5.92M).
Similar Nearby Businesses Who Received PPP Funding:
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Gsct Lessee LLC
Oakwin Lodging, Inc.
Raaj Ann Arbor Lessee LLC
Graduate Madison Lessee LLC
Gdtx Lessee LLC
Gcsc Lessee LLC
Raaj Richmond Lessee LLC
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, 96% lower than NVN Management, LLC's reported 500 employees, and received an average PPP loan of $161,149, 97% lower than this company's loan of $5.92M.
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Footnotes & Information
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