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PPP Loan Data — SRE 4610 Opco Jv, LLC, Chicago, IL

SBA PPP loan data, payroll data, and salaries for SRE 4610 Opco Jv, LLC
IL

SRE 4610 Opco Jv, LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Location: Chicago, IL

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SRE 4610 Opco Jv, LLC is a limited liability company (LLC) located at 980 N. Michigan Ave., Suite 1700 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,535,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.54M

Jobs Retained:

379

Loan Approved:

2020-04-10

Lender:

ZIONS BANK, A DIVISION OF

SRE 4610 Opco Jv, LLC in Chicago, IL received a Paycheck Protection Loan of $2.54M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, SRE 4610 Opco Jv, LLC's total 2019 payroll expenses were approximately $12.17M in order to qualify for the PPP loan amount received.

Based on their reported 379 jobs retained, this equals an estimated average yearly compensation of $32,108 per employee1.

Because the loan received by SRE 4610 Opco Jv, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - SRE 4610 Opco Jv, LLC in Chicago, IL

SRE 4610 Opco Jv, LLC
980 N. Michigan Ave., Suite 1700
Chicago, IL 60611

Business Industry

Hotels (except Casino Hotels) and Motels (NAICS code 721110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-07

Similar Companies near Chicago

In the Chicago area, 20 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 379) and received an average PPP loan of $915,862 (compared to this company's $2.54M).

Industry PPP Comparison Statistics

Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 21 employees, 94% lower than SRE 4610 Opco Jv, LLC's reported 379 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.54M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sre-4610-opco-jv-llc-chicago-il