PPP Loan Data — Cardinal Intellectual Property, Inc., Evanston, IL
Cardinal Intellectual Property, Inc. is a subchapter s corporation located at 1603 Orrington Avenue, 20th Floor in Evanston, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,525,138.00 in April, 2020.
$ PPP Loan Information
Cardinal Intellectual Property, Inc. in Evanston, IL received a Paycheck Protection Loan of $2.53M through BYLINE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cardinal Intellectual Property, Inc.'s total 2019 payroll expenses were approximately $12.12M in order to qualify for the PPP loan amount received.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $59,708 per employee1.
Business Information - Cardinal Intellectual Property, Inc. in Evanston, IL
1603 Orrington Avenue, 20th Floor
Evanston, IL 60201
Other Computer Related Services (NAICS code 541519)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-09
Similar Companies near Evanston
In the Evanston area, 8 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 203) and received an average PPP loan of $398,469 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
A-1 Logistics, Inc.
Inner Advantage LLC
Ready Networks LLC
Integrated Display Systems Inc.
Chicago Cash Register, Inc
Industry PPP Comparison Statistics
Nationwide, 12,205 businesses in the "Other Computer Related Services" industry received a total of $2,142,018,033.00 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, 95% lower than Cardinal Intellectual Property, Inc.'s reported 203 employees, and received an average PPP loan of $175,503, 93% lower than this company's loan of $2.53M.
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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