PPP Loan Data — Vienna Beef LTD, Chicago, IL
Vienna Beef LTD is a corporation located at 2501 N Damen Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,940,000.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
Vienna Beef LTD in Chicago, IL received a Paycheck Protection Loan of $3.94M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vienna Beef LTD's total 2019 payroll expenses were approximately $18.91M in order to qualify for the PPP loan amount received.
Based on their reported 322 jobs retained, this equals an estimated average yearly compensation of $58,733 per employee1.
Business Information - Vienna Beef LTD in Chicago, IL
2501 N Damen Ave
Chicago, IL 60647
Meat Processed from Carcasses (NAICS code 311612)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-05
Industry PPP Comparison Statistics
Nationwide, 867 businesses in the "Meat Processed from Carcasses" industry received a total of $314,630,695.00 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 35 employees, 89% lower than Vienna Beef LTD's reported 322 employees, and received an average PPP loan of $362,896, 91% lower than this company's loan of $3.94M.
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Footnotes & Information
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