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PPP Loan Data — ROA Management, LLC, Chicago, IL

SBA PPP loan data, payroll data, and salaries for ROA Management, LLC
IL

ROA Management, LLC

Entity: Limited Liability Company (LLC)

Industry: Unclassified Establishments

Location: Chicago, IL

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ROA Management, LLC is a limited liability company (LLC) located at 181 W Madison St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,035,700.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 138 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.04M

Jobs Retained:

138

Loan Approved:

2020-04-05

Lender:

LAKE FOREST BANK & TRUST COMPANY, NATIONAL ASSOCIATION

ROA Management, LLC received a Paycheck Protection Loan of $2.04M through LAKE FOREST BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 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, ROA Management, LLC's total 2019 payroll expenses were approximately $9.77M in order to qualify for the PPP loan amount received.

Based on their reported 138 jobs retained, this equals an estimated average yearly compensation of $70,807 per employee1.

Because the loan received by ROA Management, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - ROA Management, LLC in Chicago, IL

ROA Management, LLC
181 W Madison St
Chicago, IL 60602

Business Industry

Unclassified Establishments (NAICS code 999990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: IL-07

Similar Companies near Chicago

In the Chicago area, 52 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 138) and received an average PPP loan of $141,403 (compared to this company's $2.04M).

Industry PPP Comparison Statistics

Nationwide, 86,245 businesses in the "Unclassified Establishments" industry received a total of $3,723,225,376.00 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 6 employees, 96% lower than ROA Management, LLC's reported 138 employees, and received an average PPP loan of $43,170, 98% lower than this company's loan of $2.04M.

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/roa-management-llc-chicago-il