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PPP Loan Data — RUD Management, LLC,
Deerfield, IL
RUD Management, LLC
Entity: Limited Liability Company (LLC)
Industry: Temporary Help Services
Location: Deerfield, IL
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RUD Management, LLC is a limited liability company (LLC) located at 1751 Lake Cook Rd Ste 600 in Deerfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $636,105.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least 35 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4031478504
Loan Size:
Jobs Retained:
35Loan Approved:
2021-02-25Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationRUD Management, LLC in Deerfield, IL received a Paycheck Protection Loan of $636,105 through Bank of America, National Association, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, RUD Management, LLC's 2019 payroll expenses are estimated to be at least $3.05M.
Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $87,237 per employee1
Reported PPP Proceed Usage:
On the PPP application, RUD Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $636,105
Business Information - RUD Management, LLC in Deerfield, IL
1751 Lake Cook Rd Ste 600
Deerfield, IL 60015
Business Industry:
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as RUD Management, LLC.
Source Management International, LLC
Office Administrative Services
Workflex LLC
Employment Placement Agencies
Alliance HR LLC
Temporary Help Services
Similar Companies near Deerfield
In the Deerfield area, 9 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 35) and received an average PPP loan of $1,540,295 (compared to this company's $636,105).
Similar Nearby Businesses Who Received PPP Funding:
Higgins Express, Inc
Des Plaines, IL
Morelos Personal Services Inc
Des Plaines, IL
Working World Inc
Crystal Lake, IL
CNA Connect, Inc
Des Plaines, IL
Personnel Staffing Group, LLC
Deerfield, IL
Alliance HR LLC
Deerfield, IL
Temp Connect, Inc
Des Plaines, IL
Industry PPP Comparison Statistics
Nationwide, 8,904 businesses in the "Temporary Help Services" industry received a total of $3.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 51 employees, 46% higher than RUD Management, LLC's reported 35 employees, and received an average PPP loan of $409,775, 36% lower than this company's loan of $636,105.
RUD Management, LLC
Entity: Limited Liability Company (LLC)
Industry: Employment Placement Agencies
Location: Deerfield, IL
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RUD Management, LLC is a limited liability company (LLC) located at 1751 Lake Cook Rd Ste 600 in Deerfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $8,519,471.00 in May, 2020.
The company has reported itself as a White owned business, and employed at least 27 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6069397709
Loan Size:
Jobs Retained:
27Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationRUD Management, LLC in Deerfield, IL received a Paycheck Protection Loan of $8.52M through Bank of America, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 27 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 409. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, RUD Management, LLC's 2019 payroll expenses are estimated to be at least $40.89M (not accounting for salary amounts > $100k).
Because the 27 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, RUD Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $8,519,471
Business Information - RUD Management, LLC in Deerfield, IL
1751 Lake Cook Rd Ste 600
Deerfield, IL 60015
Business Industry:
Employment Placement Agencies
NAICS code 561311
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as RUD Management, LLC.
Source Management International, LLC
Office Administrative Services
Workflex LLC
Employment Placement Agencies
Alliance HR LLC
Temporary Help Services
Similar Companies near Deerfield
In the Deerfield area, 17 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 27) and received an average PPP loan of $1,670,449 (compared to this company's $8.52M).
Similar Nearby Businesses Who Received PPP Funding:
P. D. Life Enterprises, Inc
Crystal Lake, IL
Progressive Staffing Inc
Crystal Lake, IL
Workflex LLC
Deerfield, IL
MVP Workforce, LLC
Deerfield, IL
Rehab Masters LLC
Des Plains, IL
Alliance HR, LLC
Deerfield, IL
Catalyst Partners, Inc
Deerfield, IL
Jobvertise, Inc
Riverwoods, IL
Industry PPP Comparison Statistics
Nationwide, 12,514 businesses in the "Employment Placement Agencies" industry received a total of $3.47B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 35 employees, 30% higher than RUD Management, LLC's reported 27 employees, and received an average PPP loan of $277,509, 97% lower than this company's loan of $8.52M.
RUD Management, LLC
Entity: Limited Liability Company (LLC)
Industry: Office Administrative Services
Location: Deerfield, IL
Tweet This
•
Search All PPP Data
RUD Management, LLC is a limited liability company (LLC) located at 1751 Lake Cook Rd Ste 600 in Deerfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $636,105.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least 32 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8039707301
Loan Size:
Jobs Retained:
32Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationRUD Management, LLC in Deerfield, IL received a Paycheck Protection Loan of $636,105 through Bank of America, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, RUD Management, LLC's 2019 payroll expenses are estimated to be at least $3.05M.
Based on their reported 32 jobs retained, this equals an estimated average yearly compensation of $95,416 per employee1
Reported PPP Proceed Usage:
On the PPP application, RUD Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $636,105
Business Information - RUD Management, LLC in Deerfield, IL
1751 Lake Cook Rd Ste 600
Deerfield, IL 60015
Business Industry:
Office Administrative Services
NAICS code 561110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as RUD Management, LLC.
Source Management International, LLC
Office Administrative Services
Workflex LLC
Employment Placement Agencies
Alliance HR LLC
Temporary Help Services
Similar Companies near Deerfield
In the Deerfield area, 18 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 32) and received an average PPP loan of $79,266 (compared to this company's $636,105).
Similar Nearby Businesses Who Received PPP Funding:
Michael Griepentrog
Village Of Lakewood, IL
Fresh Food Management, LLC
Deerfield, IL
Georgio's Chicago Pizzeria & Pub LLC Management
Crystal Lake, IL
Arch Corporation
Riverwoods, IL
Source Management International, LLC
Deerfield, IL
4 Oaks Wealth Management, LLC
Crystal Lake, IL
JO Anvyn Reynolds
Des Plaines, IL
Cpmg-MA LLC
Riverwoods, IL
Office Day Solutions Inc
Crystal Lake, IL
Industry PPP Comparison Statistics
Nationwide, 43,665 businesses in the "Office Administrative Services" industry received a total of $2.34B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 81% lower than RUD Management, LLC's reported 32 employees, and received an average PPP loan of $53,571, 92% lower than this company's loan of $636,105.
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.
Footnotes & Information
1. Estimations for informational purposes only. 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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