PPP Loan Data — Vivek Anand LLC, Plainfield, IL
Vivek Anand LLC is a limited liability company (LLC) located at 11850 S. Rt 59 Unit #202 in Plainfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Vivek Anand LLC in Plainfield, IL received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Vivek Anand LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $6,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vivek Anand LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,000
- Debt Interest: $15,000
Business Information - Vivek Anand LLC in Plainfield, IL
11850 S. Rt 59 Unit #202
Plainfield, IL 60585
All Other Support Services
NAICS code 561990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Plainfield
In the Plainfield area, 12 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 20) and received an average PPP loan of $65,857 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
NPS Systems Inc
Rebound Group, Inc
Terri Christian Homes LLC
Calypso Soft Inc
GES Series, LLC
MG Testing Inc
Industry PPP Comparison Statistics
Nationwide, 33,705 businesses in the "All Other Support Services" industry received a total of $1.71B 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 7 employees, 65% lower than Vivek Anand LLC's reported 20 employees, and received an average PPP loan of $50,635, 103% higher than this company's loan of $25,000.
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Footnotes & Information
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