PPP Loan Data — Pangea Equity Partners II, LP, Chicago, IL
Pangea Equity Partners II, LP is a partnership located at 549 W. Randolph St. 2nd Floor in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,137,300.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
Pangea Equity Partners II, LP received a Paycheck Protection Loan of $5.14M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pangea Equity Partners II, LP's total 2019 payroll expenses were approximately $24.66M in order to qualify for the PPP loan amount received.
Based on their reported 494 jobs retained, this equals an estimated average yearly compensation of $49,917 per employee1.
Business Information - Pangea Equity Partners II, LP in Chicago, IL
549 W. Randolph St. 2nd Floor
Chicago, IL 60661
Lessors of Residential Buildings and Dwellings (NAICS code 531110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 12 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 494) and received an average PPP loan of $628,073 (compared to this company's $5.14M).
Similar Nearby Businesses Who Received PPP Funding:
Corporate Suites Network, LLC
Chicago Title Land Trust Company, A Corp Of IL Not Personal
Knox Heights Sdf LLC
Sekula Investments LLC
FRC Realty, Inc
Kathleen G Faier DBA Jefferson Adams Company
Franco & Moroney LLC
Industry PPP Comparison Statistics
Nationwide, 20,568 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $1,664,555,814.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 98% lower than Pangea Equity Partners II, LP's reported 494 employees, and received an average PPP loan of $80,929, 98% lower than this company's loan of $5.14M.
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Footnotes & Information
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