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PPP Loan Data — Pescara Lake, Inc., Oak Brook, IL

SBA PPP loan data, payroll data, and salaries for Pescara Lake, Inc.
IL

Pescara Lake, Inc.

Entity: Not Reported

Industry: Offices of Real Estate Agents and Brokers

Location: Oak Brook, IL

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Pescara Lake, Inc. is a located at 2015 Spring Road Suite 255 in Oak Brook, Illinois that received a Coronavirus-related PPP loan from the SBA of $26,900.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$26,900

Jobs Retained:

3

Loan Approved:

2020-05-01

Lender:

FIFTH THIRD BANK

Pescara Lake, Inc. received a Paycheck Protection Loan of $26,900 through FIFTH THIRD BANK, which was approved in May, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Pescara Lake, Inc.'s total 2019 payroll expenses were approximately $129,120 in order to qualify for the PPP loan amount received.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $43,040 per employee1.

Business Information - Pescara Lake, Inc. in Oak Brook, IL

Pescara Lake, Inc.
2015 Spring Road Suite 255
Oak Brook, IL 60523

Business Industry

Offices of Real Estate Agents and Brokers (NAICS code 531210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-05

Similar Companies near Oak Brook

In the Oak Brook area, 21 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 3) and received an average PPP loan of $413,518 (compared to this company's $26,900).

Industry PPP Comparison Statistics

Nationwide, 123,031 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $3,483,797,893.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 33% lower than Pescara Lake, Inc.'s reported 3 employees, and received an average PPP loan of $28,316, 5% higher than this company's loan of $26,900.

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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pescara-lake-inc-oak-brook-il