PPP Loan Data — Brightstar Group Holdings Inc, Gurnee, IL
Brightstar Group Holdings Inc is a corporation located at 1125 Tri-state Parkway in Gurnee, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,815,235.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Brightstar Group Holdings Inc in Gurnee, IL received a Paycheck Protection Loan of $2.82M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Brightstar Group Holdings Inc's total 2019 payroll expenses were approximately $13.51M in order to qualify for the PPP loan amount received.
Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $56,540 per employee1.
Business Information - Brightstar Group Holdings Inc in Gurnee, IL
1125 Tri-state Parkway
Gurnee, IL 60031
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-14
Similar Companies near Gurnee
In the Gurnee area, 9 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 239) and received an average PPP loan of $443,095 (compared to this company's $2.82M).
Similar Nearby Businesses Who Received PPP Funding:
Maggies Health Care Providers Inc
Meridian Palliative & Hospice Care DBA Meridian Health C
Meridian Home Health Care Services Inc
Eggering Enterprises LLC
CD Legrande LTD
American Homecare, LLC
Industry PPP Comparison Statistics
Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 34 employees, 86% lower than Brightstar Group Holdings Inc's reported 239 employees, and received an average PPP loan of $212,236, 92% lower than this company's loan of $2.82M.
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, 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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