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PPP Loan Data — Alliance HR LLC,
Deerfield, IL
Alliance HR LLC
Entity: Limited Liability Company (LLC)
Industry: Temporary Help Services
Location: Deerfield, IL
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Alliance HR LLC is a limited liability company (LLC) located at 1751 Lake Cook Rd Ste 600 in Deerfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #6624958609
Loan Size:
Jobs Retained:
269Loan Approved:
2021-03-23Loan Status:
Ongoing LoanLender:
BMO Harris Bank National AssociationAlliance HR LLC in Deerfield, IL received a Paycheck Protection Loan of $2M through BMO Harris Bank National Association, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Alliance HR LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $35,688 per employee1
Reported PPP Proceed Usage:
On the PPP application, Alliance HR LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Alliance HR LLC in Deerfield, IL
1751 Lake Cook Rd Ste 600
Deerfield, IL 60015
Business Industry:
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Alliance HR LLC.
Source Management International, LLC
Office Administrative Services
Workflex LLC
Employment Placement Agencies
RUD Management LLC
Temporary Help Services
Similar Companies near Deerfield
In the Deerfield area, 9 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 269) and received an average PPP loan of $1,540,295 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Working World Inc
Crystal Lake, IL
RUD Management LLC
Deerfield, IL
Morelos Personal Services Inc
Des Plaines, IL
Personnel Staffing Group, LLC
Deerfield, IL
CNA Connect, Inc
Des Plaines, IL
Temp Connect, Inc
Des Plaines, IL
Higgins Express, Inc
Des Plaines, IL
Industry PPP Comparison Statistics
Nationwide, 8,904 businesses in the "Temporary Help Services" industry received a total of $3.65B 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 51 employees, 81% lower than Alliance HR LLC's reported 269 employees, and received an average PPP loan of $409,706, 80% lower than this company's loan of $2M.
Alliance HR, LLC
Entity: Limited Liability Company (LLC)
Industry: Employment Placement Agencies
Location: Deerfield, IL
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Alliance HR, LLC is a limited liability company (LLC) located at 1751 Lake Cook Road Suite 600 in Deerfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,969,500.00 in May, 2020.
$
PPP Loan Information
Loan #1914837400
Loan Size:
Jobs Retained:
396Loan Approved:
2020-05-05Loan Status:
Paid in Full or ForgivenLender:
BMO Harris Bank National AssociationAlliance HR, LLC in Deerfield, IL received a Paycheck Protection Loan of $2.97M through BMO Harris Bank 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 July, 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, Alliance HR, LLC's 2019 payroll expenses are estimated to be at least $14.25M.
Based on their reported 396 jobs retained, this equals an estimated average yearly compensation of $35,994 per employee1
Reported PPP Proceed Usage:
On the PPP application, Alliance HR, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,969,500
Business Information - Alliance HR, LLC in Deerfield, IL
1751 Lake Cook Road Suite 600
Deerfield, IL 60015
Business Industry:
Employment Placement Agencies
NAICS code 561311
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Alliance HR, LLC.
MVP Workforce, LLC
Employment Placement Agencies
Similar Companies near Deerfield
In the Deerfield area, 17 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 396) and received an average PPP loan of $1,670,449 (compared to this company's $2.97M).
Similar Nearby Businesses Who Received PPP Funding:
Culturefit Technical Staffing Inc
Deerfield, IL
ESP Of Chicago Inc. & Searchpath Of Chi
Crystal Lake, IL
MVP Workforce, LLC
Deerfield, IL
Rehab Masters LLC
Des Plains, IL
RUD Management, LLC
Deerfield, IL
P. D. Life Enterprises, Inc
Crystal Lake, IL
Progressive Staffing Inc
Crystal Lake, IL
Jobvertise, Inc
Riverwoods, IL
Industry PPP Comparison Statistics
Nationwide, 12,514 businesses in the "Employment Placement Agencies" industry received a total of $3.47B 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 35 employees, 91% lower than Alliance HR, LLC's reported 396 employees, and received an average PPP loan of $277,549, 91% lower than this company's loan of $2.97M.
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.
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