PPP Loan Data — VPC, LLC, Waukegan, IL
VPC, LLC is a limited liability company (LLC) located at 1909 Waukegan Rd in Waukegan, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,875,808.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
VPC, LLC in Waukegan, IL received a Paycheck Protection Loan of $3.88M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, VPC, LLC's total 2019 payroll expenses were approximately $18.6M in order to qualify for the PPP loan amount received.
Based on their reported 408 jobs retained, this equals an estimated average yearly compensation of $45,598 per employee1.
Business Information - VPC, LLC in Waukegan, IL
1909 Waukegan Rd
Waukegan, IL 60085
Office Administrative Services (NAICS code 561110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-10
Similar Companies near Waukegan
In the Waukegan area, 5 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 408) and received an average PPP loan of $786,399 (compared to this company's $3.88M).
Similar Nearby Businesses Who Received PPP Funding:
Lewis Business Services & Associates
Innovative Resource, Inc.
Bomberg Property Management Inc
Industry PPP Comparison Statistics
Nationwide, 18,417 businesses in the "Office Administrative Services" industry received a total of $1,762,719,177.00 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 9 employees, 98% lower than VPC, LLC's reported 408 employees, and received an average PPP loan of $95,712, 98% lower than this company's loan of $3.88M.
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Footnotes & Information
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