PPP Loan Data — Royal Management Corporation, Lombard, IL
Royal Management Corporation
Entity: Subchapter S Corporation
Location: Lombard, ILTweet This • Search All PPP Data
Royal Management Corporation is a subchapter s corporation located at 665 W North Ave in Lombard, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,657,869.00 in May, 2020.
$ PPP Loan Information
Lender:WEST SUBURBAN BANK
Royal Management Corporation received a Paycheck Protection Loan of $2.66M through WEST SUBURBAN BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Royal Management Corporation's total 2019 payroll expenses were approximately $12.76M in order to qualify for the PPP loan amount received.
Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $83,933 per employee1.
Business Information - Royal Management Corporation in Lombard, IL
665 W North Ave
Lombard, IL 60148
Administrative Management and General Management Consulting Services (NAICS code 541611)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-06
Similar Companies near Lombard
In the Lombard area, 9 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 152) and received an average PPP loan of $314,364 (compared to this company's $2.66M).
Similar Nearby Businesses Who Received PPP Funding:
Planning Resources Inc.
Vishal CPA Prep, LLC
Compass Capital Inc
Industry PPP Comparison Statistics
Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 in PPP loans. These businesses account for 1% 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 Royal Management Corporation's reported 152 employees, and received an average PPP loan of $86,242, 97% lower than this company's loan of $2.66M.
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