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PPP Loan Data — RUD Management, LLC,
Deerfield, IL
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.
$ PPP Loan Information
Loan Size:
Jobs Retained:
27Loan Approved:
2020-05-01Lender:
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.
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.
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 409.
Based on standard PPP eligibility rules, RUD Management, LLC's total 2019 payroll expenses were approximately $40.89M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 27 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
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 / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-10Similar Companies near Deerfield
In the Deerfield area, 12 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 27) and received an average PPP loan of $2,300,654 (compared to this company's $8.52M).
Similar Nearby Businesses Who Received PPP Funding:
MVP Workforce, LLC
Deerfield, IL
Progressive Staffing Inc.
Crystal Lake, IL
Hallmark Personnel Inc
Des Plaines, IL
P. D. Life Enterprises, Inc.
Crystal Lake, IL
Workflex, LLC
Deerfield, IL
Pivotal Talent Search, Inc.
Village Of Lakewood, IL
Alliance HR, LLC
Deerfield, IL
Catalyst Partners, Inc.
Deerfield, IL
Industry PPP Comparison Statistics
Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 41% higher than RUD Management, LLC's reported 27 employees, and received an average PPP loan of $363,100, 96% lower than this company's loan of $8.52M.
RUD Management, LLC
Entity: Limited Liability Company (LLC)
Industry: Office Administrative 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 May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
32Loan Approved:
2020-05-01Lender:
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.
Based on standard PPP eligibility rules, RUD Management, LLC's total 2019 payroll expenses were approximately $3.05M in order to qualify for the PPP loan amount received.
Based on their reported 32 jobs retained, this equals an estimated average yearly compensation of $95,416 per employee1.
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 / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-10Similar Companies near Deerfield
In the Deerfield area, 10 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 32) and received an average PPP loan of $131,801 (compared to this company's $636,105).
Similar Nearby Businesses Who Received PPP Funding:
Luna Servicing, LLC
Des Plaines, IL
4 Oaks Wealth Management, LLC
Crystal Lake, IL
Source Management International, LLC
Deerfield, IL
Adminpro2Go
Crystal Lake, IL
Fresh Food Management, LLC
Deerfield, IL
Noble Leadership Institute LLC
Riverwoods, IL
Office Day Solutions Inc.
Crystal Lake, IL
Cpmg-MA LLC
Riverwoods, IL
Industry PPP Comparison Statistics
Nationwide, 18,417 businesses in the "Office Administrative Services" industry received a total of $1,762,719,177.00 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 9 employees, 72% lower than RUD Management, LLC's reported 32 employees, and received an average PPP loan of $95,712, 85% 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, 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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