PPP Loan Data — Burwood Group, Inc., Chicago, IL
Burwood Group, Inc. is a corporation located at 125 S. Wacker Dr in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,098,000.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
Burwood Group, Inc. received a Paycheck Protection Loan of $4.1M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Burwood Group, Inc.'s total 2019 payroll expenses were approximately $19.67M in order to qualify for the PPP loan amount received.
Based on their reported 226 jobs retained, this equals an estimated average yearly compensation of $87,037 per employee1.
Business Information - Burwood Group, Inc. in Chicago, IL
125 S. Wacker Dr
Chicago, IL 60606
Computer Facilities Management Services (NAICS code 541513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 3 businesses in the "Computer Facilities Management Services" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 226) and received an average PPP loan of $1,422,777 (compared to this company's $4.1M).
Similar Nearby Businesses Who Received PPP Funding:
CPU RX Inc
Industry PPP Comparison Statistics
Nationwide, 1,889 businesses in the "Computer Facilities Management Services" industry received a total of $318,937,165.00 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 10 employees, 96% lower than Burwood Group, Inc.'s reported 226 employees, and received an average PPP loan of $168,839, 96% lower than this company's loan of $4.1M.
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.
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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