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

PPP Loan Data — Amount, Inc., Chicago, IL

SBA PPP loan data, payroll data, and salaries for Amount, Inc.
IL

Amount, Inc.

Entity: Corporation

Industry: Software Publishers

Location: Chicago, IL

Search All PPP Data

Amount, Inc. is a corporation located at 222 N La Salle St Suite 1700 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,979,105.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.98M

Jobs Retained:

318

Loan Approved:

2020-04-28

Lender:

CIBC BANK USA

Amount, Inc. received a Paycheck Protection Loan of $5.98M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Amount, Inc.'s total 2019 payroll expenses were approximately $28.7M in order to qualify for the PPP loan amount received.

Based on their reported 318 jobs retained, this equals an estimated average yearly compensation of $90,251 per employee1.

Because the loan received by Amount, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Amount, Inc. in Chicago, IL

Amount, Inc.
222 N La Salle St Suite 1700
Chicago, IL 60601

Business Industry

Software Publishers (NAICS code 511210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-07

Similar Companies near Chicago

In the Chicago area, 20 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 318) and received an average PPP loan of $943,000 (compared to this company's $5.98M).

Industry PPP Comparison Statistics

Nationwide, 8,232 businesses in the "Software Publishers" industry received a total of $2,105,805,320.00 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 13 employees, 96% lower than Amount, Inc.'s reported 318 employees, and received an average PPP loan of $255,807, 96% lower than this company's loan of $5.98M.

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.

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/amount-inc-chicago-il