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PPP Loan Data — OH 6 Hold Co LLC,
Evanston, IL
OH 6 Hold Co LLC
Entity: Limited Liability Company (LLC)
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Location: Evanston, IL
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OH 6 Hold Co LLC is a limited liability company (LLC) located at 620 Davis Street in Evanston, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,387,462.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 390 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1759757410
Loan Size:
Jobs Retained:
390Loan Approved:
2020-05-04Loan Status:
Paid in Full or ForgivenLender:
Congressional BankOH 6 Hold Co LLC in Evanston, IL received a Paycheck Protection Loan of $3.39M through Congressional Bank, which was approved in May, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, OH 6 Hold Co LLC's 2019 payroll expenses are estimated to be at least $16.26M.
Based on their reported 390 jobs retained, this equals an estimated average yearly compensation of $41,692 per employee1
Reported PPP Proceed Usage:
On the PPP application, OH 6 Hold Co LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,387,462
Business Information - OH 6 Hold Co LLC in Evanston, IL
620 Davis Street
Evanston, IL 60201
Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as OH 6 Hold Co LLC.
Illuminate-Hc LLC
Other Management Consulting Services
Zihuatanejo Holdings, LLC
Nursing Care Facilities (Skilled Nursing Facilities)
Similar Companies near Evanston
In the Evanston area, 26 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 144 employees (compared to this company's 390) and received an average PPP loan of $1,392,079 (compared to this company's $3.39M).
Similar Nearby Businesses Who Received PPP Funding:
South Holland Manor Hrc LLC
Evanston, IL
Albany Care, Inc
Evanston, IL
Zihuatanejo Holdings, LLC
Evanston, IL
University Rehabilitation Center Of C-U LLC
Evanston, IL
Lemont Nursing And Rehabilitation Center
Evanston, IL
Symphony Of Evanston Healthcare, LLC
Evanston, IL
Evanston Skilled Nursing Facility, LLC
Evanston, IL
Sheffield Manor LLC
Evanston, IL
Industry PPP Comparison Statistics
Nationwide, 15,149 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.79B 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, 85% lower than OH 6 Hold Co LLC's reported 390 employees, and received an average PPP loan of $448,084, 87% lower than this company's loan of $3.39M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
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