PPP Loan Data — 4C Insights Inc, Chicago, IL
4C Insights Inc is a corporation located at 1 East Wacker Drive, Suite 700 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,543,235.00 in April, 2020.
$ PPP Loan Information
4C Insights Inc received a Paycheck Protection Loan of $3.54M through SIGNATURE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, 4C Insights Inc's total 2019 payroll expenses were approximately $17.01M in order to qualify for the PPP loan amount received.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $93,964 per employee1.
Business Information - 4C Insights Inc in Chicago, IL
1 East Wacker Drive, Suite 700
Chicago, IL 60601
Other Computer Related Services (NAICS code 541519)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 10 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 181) and received an average PPP loan of $684,465 (compared to this company's $3.54M).
Similar Nearby Businesses Who Received PPP Funding:
Image Fiction, Inc.
JAS Global Advisors LLC
ALC Enterprises Inc.
IQ Technologies, Inc
Solving It International, Inc.
Red Sky Technologies Inc.
Industry PPP Comparison Statistics
Nationwide, 12,205 businesses in the "Other Computer Related Services" industry received a total of $2,142,018,033.00 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 10 employees, 94% lower than 4C Insights Inc's reported 181 employees, and received an average PPP loan of $175,503, 95% lower than this company's loan of $3.54M.
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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