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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 Ste 200 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #4334298408
Loan Size:
Jobs Retained:
165Loan Approved:
2021-02-06Loan Status:
Paid in Full or ForgivenLender:
BMO Harris Bank National AssociationSkender Group LLC in Chicago, IL received a Paycheck Protection Loan of $2M through BMO Harris Bank 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 January, 2022.
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, Skender Group LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $58,182 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skender Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Skender Group LLC in Chicago, IL
1330 W Fulton St Ste 200
Chicago, IL 60607
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 52 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 165) and received an average PPP loan of $369,875 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Clydel Sistrunk
Chicago, IL
Templar Construction Inc
Chicago, IL
Harvey Property Group Inc
Chicago, IL
Iron Horse Construction Services, Inc
Chicago, IL
Michael_Moody
Chicago, IL
Structured Rea, LLC
Chicago, IL
Capri Reese LLC
Chicago, IL
Brian Dismukes
Chicago, IL
Obed Cleaning
Chicago, IL
Industry PPP Comparison Statistics
Nationwide, 77,341 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.36B 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 12 employees, 93% lower than Skender Group LLC's reported 165 employees, and received an average PPP loan of $159,802, 92% lower than this company's loan of $2M.
Skender Group LLC
Entity: Limited Liability Company (LLC)
Industry: Commercial and Institutional Building Construction
Location: Chicago, IL
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•
Search All PPP Data
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 #3076567107
Loan Size:
Jobs Retained:
258Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
BMO Harris Bank National AssociationSkender Group LLC in Chicago, IL received a Paycheck Protection Loan of $5.29M through BMO Harris Bank National Association, which was approved in April, 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.
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, Skender Group LLC's 2019 payroll expenses are estimated to be at least $25.4M.
Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $98,450 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skender Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,291,700
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: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 52 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 258) and received an average PPP loan of $369,875 (compared to this company's $5.29M).
Similar Nearby Businesses Who Received PPP Funding:
Clydel Sistrunk
Chicago, IL
Templar Construction Inc
Chicago, IL
Harvey Property Group Inc
Chicago, IL
Iron Horse Construction Services, Inc
Chicago, IL
Michael_Moody
Chicago, IL
Structured Rea, LLC
Chicago, IL
Capri Reese LLC
Chicago, IL
Brian Dismukes
Chicago, IL
Obed Cleaning
Chicago, IL
Industry PPP Comparison Statistics
Nationwide, 77,341 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.36B 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 12 employees, 95% lower than Skender Group LLC's reported 258 employees, and received an average PPP loan of $159,802, 97% 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. 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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