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PPP Loan Data — Roevolution 226, LLC,
Deerfield, IL
Roevolution 226, LLC
Entity: Limited Liability Company (LLC)
Industry: Furniture Merchant Wholesalers
Location: Deerfield, IL
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Roevolution 226, LLC is a limited liability company (LLC) located at 2275 Half Day Rd in Deerfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,913,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
197Loan Approved:
2020-04-06Lender:
CIBC BANK USARoevolution 226, LLC received a Paycheck Protection Loan of $2.91M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Roevolution 226, LLC's total 2019 payroll expenses were approximately $13.99M in order to qualify for the PPP loan amount received.
Based on their reported 197 jobs retained, this equals an estimated average yearly compensation of $70,994 per employee1.
Business Information - Roevolution 226, LLC in Deerfield, IL
2275 Half Day Rd
Deerfield, IL 60015
Business Industry
Furniture Merchant Wholesalers (NAICS code 423210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-10Similar Companies near Deerfield
In the Deerfield area, 3 businesses in the "Furniture Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 197) and received an average PPP loan of $976,730 (compared to this company's $2.91M).
Similar Nearby Businesses Who Received PPP Funding:
Mark Cargerman
Deerfield, IL
The Party Dress DBA Wh Hostess
Deerfield, IL
Industry PPP Comparison Statistics
Nationwide, 2,847 businesses in the "Furniture Merchant Wholesalers" industry received a total of $449,386,306.00 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 12 employees, 94% lower than Roevolution 226, LLC's reported 197 employees, and received an average PPP loan of $157,846, 95% lower than this company's loan of $2.91M.
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.
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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