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PPP Loan Data — W-W Madison Opco VIII, LLC,
Washington, DC
W-W Madison Opco VIII, LLC
Entity: Limited Liability Company (LLC)
Industry: Lessors of Nonresidential Buildings (except Miniwarehouses)
Location: Washington, DC
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W-W Madison Opco VIII, LLC is a limited liability company (LLC) located at 1177 15th St Nw in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $2,975,000.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
192Loan Approved:
2020-05-14Lender:
CIBC BANK USAW-W Madison Opco VIII, LLC received a Paycheck Protection Loan of $2.98M through CIBC BANK USA, which was approved in May, 2020.
Based on standard PPP eligibility rules, W-W Madison Opco VIII, LLC's total 2019 payroll expenses were approximately $14.28M in order to qualify for the PPP loan amount received.
Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $74,375 per employee1.
Business Information - W-W Madison Opco VIII, LLC in Washington, DC
1177 15th St Nw
Washington, DC 20005
Business Industry
Lessors of Nonresidential Buildings (except Miniwarehouses) (NAICS code 531120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: DC-Similar Companies near Washington
In the Washington area, 7 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 192) and received an average PPP loan of $917,203 (compared to this company's $2.98M).
Similar Nearby Businesses Who Received PPP Funding:
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Klingner Jazayerli LLP
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Zebco Investment Group Inc.
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Trade Center Management Associates LLC
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Knightsbridge Management Inc
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Joseph A Michel
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Industry PPP Comparison Statistics
Nationwide, 14,874 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1,433,708,089.00 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, 95% lower than W-W Madison Opco VIII, LLC's reported 192 employees, and received an average PPP loan of $96,390, 97% lower than this company's loan of $2.98M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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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