PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Advanced Corporate Agent Services Inc, Chicago, IL

SBA PPP loan data, payroll data, and salaries for Advanced Corporate Agent Services Inc
IL

Advanced Corporate Agent Services Inc

Entity: Subchapter S Corporation

Industry: All Other Professional, Scientific, and Technical Services

Location: Chicago, IL

Search All PPP Data

Advanced Corporate Agent Services Inc is a subchapter s corporation located at 100 N La Salle St Ste 500 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $89,210.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$89,210

Jobs Retained:

6

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Advanced Corporate Agent Services Inc received a Paycheck Protection Loan of $89,210 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Advanced Corporate Agent Services Inc's total 2019 payroll expenses were approximately $428,208 in order to qualify for the PPP loan amount received.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $71,368 per employee1.

Business Information - Advanced Corporate Agent Services Inc in Chicago, IL

Advanced Corporate Agent Services Inc
100 N La Salle St Ste 500
Chicago, IL 60602

Business Industry

All Other Professional, Scientific, and Technical Services (NAICS code 541990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-07

Similar Companies near Chicago

In the Chicago area, 44 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 6) and received an average PPP loan of $326,168 (compared to this company's $89,210).

Industry PPP Comparison Statistics

Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, the same amount reported by Advanced Corporate Agent Services Inc and received an average PPP loan of $74,488, 17% lower than this company's loan of $89,210.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/advanced-corporate-agent-services-inc-chicago-il