FederalPay.org
PPP Loan Data — Alaina Inc,
Roselle, IL
Alaina Inc
Entity: Corporation
Industry: Custom Computer Programming Services
Location: Roselle, IL
Tweet This
•
Search All PPP Data
Alaina Inc is a corporation located at 205 Hale Ln in Roselle, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,198.00 in February, 2021.
The company has reported itself as an Asian male owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #5476198402
Loan Size:
Jobs Retained:
3Loan Approved:
2021-02-08Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationAlaina Inc in Roselle, IL received a Paycheck Protection Loan of $25,198 through Bank of America, National Association, which was approved in February, 2021.
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 August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Alaina Inc's 2019 payroll expenses are estimated to be at least $120,950.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,317 per employee1
Reported PPP Proceed Usage:
On the PPP application, Alaina Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,198
Business Information - Alaina Inc in Roselle, IL
205 Hale Ln
Roselle, IL 60172
Business Industry:
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Roselle
In the Roselle area, 60 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 3) and received an average PPP loan of $307,011 (compared to this company's $25,198).
Similar Nearby Businesses Who Received PPP Funding:
SP Teks Inc
Schaumburg, IL
Encore Consulting Services, Inc
Schaumburg, IL
The Written Word, Inc
Roselle, IL
Amlogix Inc
Schaumburg, IL
Sysinfi Inc
Schaumburg, IL
AIA Energy
Schaumburg, IL
Positive Vision, Inc
Roselle, IL
Aurora Solutions Inc
Schaumburg, IL
Next Generation Technology Inc
Schaumburg, IL
Industry PPP Comparison Statistics
Nationwide, 42,875 businesses in the "Custom Computer Programming Services" industry received a total of $6.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 233% higher than Alaina Inc's reported 3 employees, and received an average PPP loan of $155,111, 516% higher than this company's loan of $25,198.
Alaina Inc
Entity: Corporation
Industry: Unclassified Establishments
Location: Roselle, IL
Tweet This
•
Search All PPP Data
Alaina Inc is a corporation located at 205 Hale Ln in Roselle, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,525.00 in May, 2020.
The company has reported itself as an Asian male owned business, and employed at least two people during the applicable loan loan period.
$
PPP Loan Information
Loan #6597147708
Loan Size:
Jobs Retained:
2Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationAlaina Inc in Roselle, IL received a Paycheck Protection Loan of $25,525 through Bank of America, National Association, which was approved in May, 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 January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Alaina Inc's 2019 payroll expenses are estimated to be at least $122,520.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,260 per employee1
Reported PPP Proceed Usage:
On the PPP application, Alaina Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,525
Business Information - Alaina Inc in Roselle, IL
205 Hale Ln
Roselle, IL 60172
Business Industry:
Unclassified Establishments
NAICS code 999990
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Roselle
In the Roselle area, 31 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 2) and received an average PPP loan of $43,017 (compared to this company's $25,525).
Similar Nearby Businesses Who Received PPP Funding:
Stratozone LLC
Schaumburg, IL
Golfwood Square, LLC
Schaumburg, IL
Izoman LLC
River Grove, IL
Child Side Daycare Services, LLC
Schaumburg, IL
Jeff Horwitz & Associates, LTD
Schaumburg, IL
Mntsa LLC
Roselle, IL
Aim Sports Performance
Schaumburg, IL
Trisceli, LLC
Schaumburg, IL
Saiarth Inc
Schaumburg, IL
Industry PPP Comparison Statistics
Nationwide, 85,578 businesses in the "Unclassified Establishments" industry received a total of $3.67B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 400% higher than Alaina Inc's reported 2 employees, and received an average PPP loan of $42,861, 68% higher than this company's loan of $25,525.
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.
Footnotes & Information
1. Estimations for informational purposes only. 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!