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PPP Loan Data — Skender Group LLC,
Chicago, IL
Skender Group LLC
Entity: Limited Liability Company (LLC)
Industry: Commercial and Institutional Building Construction
Location: Chicago, IL
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Skender Group LLC is a limited liability company (LLC) located at 1330 W Fulton St., Suite 200 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,291,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
258Loan Approved:
2020-04-11Lender:
BMO HARRIS BANK NATIONAL ASSOCIATIONSkender Group LLC received a Paycheck Protection Loan of $5.29M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Skender Group LLC's total 2019 payroll expenses were approximately $25.4M in order to qualify for the PPP loan amount received.
Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $98,450 per employee1.
Business Information - Skender Group LLC in Chicago, IL
1330 W Fulton St., Suite 200
Chicago, IL 60607
Business Industry
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-07Similar Companies near Chicago
In the Chicago area, 21 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 258) and received an average PPP loan of $691,343 (compared to this company's $5.29M).
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Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 95% lower than Skender Group LLC's reported 258 employees, and received an average PPP loan of $203,235, 96% lower than this company's loan of $5.29M.
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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