PPP Loan Data — Code Theory LLC, Naperville, IL
Code Theory LLC is a limited liability company (LLC) located at 720 Burgess Hill Rd in Naperville, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,025.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Code Theory LLC in Naperville, IL received a Paycheck Protection Loan of $25,025 through JPMorgan Chase Bank, National Association, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Code Theory LLC's 2019 payroll expenses are estimated to be at least $120,120.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,060 per employee1
Reported PPP Proceed Usage:
On the PPP application, Code Theory LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,023
- Utilities: $1
Business Information - Code Theory LLC in Naperville, IL
720 Burgess Hill Rd
Naperville, IL 60565
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Naperville
In the Naperville area, 44 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 2) and received an average PPP loan of $63,639 (compared to this company's $25,025).
Similar Nearby Businesses Who Received PPP Funding:
Beacon Technology Group LLC
JSC Global Solutions, Inc
KRK Systems Inc
Archi-Tech-Ture Technical Services, Inc
Terra Information Group Inc
Industry PPP Comparison Statistics
Nationwide, 43,326 businesses in the "Custom Computer Programming Services" industry received a total of $6.67B 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 10 employees, 400% higher than Code Theory LLC's reported 2 employees, and received an average PPP loan of $153,857, 515% higher than this company's loan of $25,025.
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Footnotes & Information
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