PPP Loan Data — Omeda Holdings LLC, Chicago, IL
Omeda Holdings LLC is a limited liability company (LLC) located at 1 N Dearborn St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,008,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Omeda Holdings LLC in Chicago, IL received a Paycheck Protection Loan of $2.01M through PNC 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, Omeda Holdings LLC's 2019 payroll expenses are estimated to be at least $9.64M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $64,285 per employee1
Reported PPP Proceed Usage:
On the PPP application, Omeda Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,008,900
Business Information - Omeda Holdings LLC in Chicago, IL
1 N Dearborn St
Chicago, IL 60602
Data Processing, Hosting, and Related Services
NAICS code 518210
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, 12 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 150) and received an average PPP loan of $424,266 (compared to this company's $2.01M).
Similar Nearby Businesses Who Received PPP Funding:
Bacula Systems Corporation
Phoenix Sports Partners, LLC
AMG Teleran Corporation
DC Data Corporation
Industry PPP Comparison Statistics
Nationwide, 10,209 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1.51B 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 11 employees, 93% lower than Omeda Holdings LLC's reported 150 employees, and received an average PPP loan of $147,893, 93% lower than this company's loan of $2.01M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!