PPP Loan Data — Wiedner & Mcauliffe Limited, Chicago, IL
Wiedner & Mcauliffe Limited is a corporation located at 1 N Franklin St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,981,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Wiedner & Mcauliffe Limited in Chicago, IL received a Paycheck Protection Loan of $1.98M through PNC Bank, National Association, which was approved in April, 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, Wiedner & Mcauliffe Limited's 2019 payroll expenses are estimated to be at least $9.51M.
Based on their reported 142 jobs retained, this equals an estimated average yearly compensation of $66,967 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wiedner & Mcauliffe Limited reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,981,100
Business Information - Wiedner & Mcauliffe Limited in Chicago, IL
1 N Franklin St
Chicago, IL 60606
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 586 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 142) and received an average PPP loan of $246,634 (compared to this company's $1.98M).
Similar Nearby Businesses Who Received PPP Funding:
Christopher C Syregelas
Karbal Cohen Economou Silk Dunne, LLC
Zarzecki Law Group PC
Wilde Law Group, LLC
Arnett Law Group LLC
Advitam IP LLC
Cafferty Clobes Meriwether & Sprengel LLP
Green Law Offices
Industry PPP Comparison Statistics
Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 96% lower than Wiedner & Mcauliffe Limited's reported 142 employees, and received an average PPP loan of $81,518, 96% lower than this company's loan of $1.98M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!