PPP Loan Data — Potbelly Sandwich Works, LLC, Chicago, IL
Potbelly Sandwich Works, LLC is a limited liability company (LLC) located at 111 N. Canal St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in August, 2020.
$ PPP Loan Information
Lender:HARVEST SMALL BUSINESS FINANCE, LLC
Potbelly Sandwich Works, LLC in Chicago, IL received a Paycheck Protection Loan of $10M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in August, 2020.
Based on standard PPP eligibility rules, Potbelly Sandwich Works, LLC's total 2019 payroll expenses were approximately $48M 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 $96,000 per employee1.
Business Information - Potbelly Sandwich Works, LLC in Chicago, IL
111 N. Canal St
Chicago, IL 60606
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 67 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 500) and received an average PPP loan of $299,494 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Nohea Cafe, LLC
International Sandwich Shop 2
Seva Companies LLC Financial Place
The Break Deli
JAI Jaliyaan Inc
West Loop F&B, LLC
Burger Empire LLC
YOG Guru Inc
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Potbelly Sandwich Works, LLC's reported 500 employees, and received an average PPP loan of $120,904, 99% lower than this company's loan of $10M.
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Footnotes & Information
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