PPP Loan Data — SP Acquisition IL LLC, Niles, IL
SP Acquisition IL LLC is a subchapter s corporation located at 6019 W Howard St. in Niles, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,897,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 407 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
SP Acquisition IL LLC received a Paycheck Protection Loan of $4.9M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, SP Acquisition IL LLC's total 2019 payroll expenses were approximately $23.51M in order to qualify for the PPP loan amount received.
Based on their reported 407 jobs retained, this equals an estimated average yearly compensation of $57,762 per employee1.
Business Information - SP Acquisition IL LLC in Niles, IL
6019 W Howard St.
Niles, IL 60714
Miscellaneous Intermediation (NAICS code 523910)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IL-09
Similar Companies near Niles
In the Niles area, 2 businesses in the "Miscellaneous Intermediation" industry received a PPP loan. These local businesses reported an average of 206 employees (compared to this company's 407) and received an average PPP loan of $2,455,350 (compared to this company's $4.9M).
Similar Nearby Businesses Who Received PPP Funding:
Mehran Investment Inc.
Industry PPP Comparison Statistics
Nationwide, 7,296 businesses in the "Miscellaneous Intermediation" industry received a total of $471,626,093.00 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 7 employees, 98% lower than SP Acquisition IL LLC's reported 407 employees, and received an average PPP loan of $64,642, 99% lower than this company's loan of $4.9M.
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Footnotes & Information
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