PPP Loan Data — SCP Baked Goods Holdings, LLC, Chicago, IL
SCP Baked Goods Holdings, LLC is a limited liability company (LLC) located at 1 E Wacker Drive Suite 2900 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,733,342.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:CIBC Bank USA
SCP Baked Goods Holdings, LLC in Chicago, IL received a Paycheck Protection Loan of $1.73M through CIBC Bank USA, 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, SCP Baked Goods Holdings, LLC's 2019 payroll expenses are estimated to be at least $8.32M.
Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $50,121 per employee1
Reported PPP Proceed Usage:
On the PPP application, SCP Baked Goods Holdings, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,733,342
Business Information - SCP Baked Goods Holdings, LLC in Chicago, IL
1 E Wacker Drive Suite 2900
Chicago, IL 60601
NAICS code 523910
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 8 businesses in the "Miscellaneous Intermediation" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 166) and received an average PPP loan of $313,908 (compared to this company's $1.73M).
Similar Nearby Businesses Who Received PPP Funding:
Wexford Capital Partners LLC
Phoenix Sports Partners LLC
Legal Capital Corp
Gentry Management Services LLC
TDM Investments LLC
Highgate Capital Group, LLC
Collegia Capital LLC
Industry PPP Comparison Statistics
Nationwide, 8,414 businesses in the "Miscellaneous Intermediation" industry received a total of $504.92M 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 9 employees, 95% lower than SCP Baked Goods Holdings, LLC's reported 166 employees, and received an average PPP loan of $60,010, 97% lower than this company's loan of $1.73M.
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Footnotes & Information
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