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PPP Loan Data — Rock Oak Services Group LLC, Loves Park, IL

SBA PPP loan data, payroll data, and salaries for Rock Oak Services Group LLC
IL

Rock Oak Services Group LLC

Entity: Limited Liability Company (LLC)

Industry: Software Publishers

Location: Loves Park, IL

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Rock Oak Services Group LLC is a limited liability company (LLC) located at 7120 Windsor Road Ste 201 in Loves Park, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,843,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.84M

Jobs Retained:

288

Loan Approved:

2020-04-11

Lender:

ILLINOIS BANK & TRUST

Rock Oak Services Group LLC received a Paycheck Protection Loan of $2.84M through ILLINOIS BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Rock Oak Services Group LLC's total 2019 payroll expenses were approximately $13.65M in order to qualify for the PPP loan amount received.

Based on their reported 288 jobs retained, this equals an estimated average yearly compensation of $47,395 per employee1.

Because the loan received by Rock Oak Services Group 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 - Rock Oak Services Group LLC in Loves Park, IL

Rock Oak Services Group LLC
7120 Windsor Road Ste 201
Loves Park, IL 61111

Business Industry

Software Publishers (NAICS code 511210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-16

Industry PPP Comparison Statistics

Nationwide, 8,232 businesses in the "Software Publishers" industry received a total of $2,105,805,320.00 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 13 employees, 95% lower than Rock Oak Services Group LLC's reported 288 employees, and received an average PPP loan of $255,807, 91% lower than this company's loan of $2.84M.

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.

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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/rock-oak-services-group-llc-loves-park-il