PPP Loan Data — Smithamundsen LLC, Chicago, IL
Smithamundsen LLC is a limited liability company (LLC) located at 150 N Michigan Ave, Suite 3300 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,789,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 287 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Smithamundsen LLC received a Paycheck Protection Loan of $5.79M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Smithamundsen LLC's total 2019 payroll expenses were approximately $27.79M in order to qualify for the PPP loan amount received.
Based on their reported 287 jobs retained, this equals an estimated average yearly compensation of $96,823 per employee1.
Business Information - Smithamundsen LLC in Chicago, IL
150 N Michigan Ave, Suite 3300
Chicago, IL 60601
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 696 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 287) and received an average PPP loan of $147,444 (compared to this company's $5.79M).
Similar Nearby Businesses Who Received PPP Funding:
Lauren A Buchanan & Associates, PC
Hughes Socol Piers Resnick & Dym, LTD
Law Offices Of Wessel & Doheny
Power Rogers, LLP
Martay Law Office, LTD
Howard S Kavenow, LLC
Williams, Bax & Saltzman, PC
Brotschul Potts LLC
Glen J Dunn & Associates, LTD
Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Smithamundsen LLC's reported 287 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $5.79M.
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Footnotes & Information
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