PPP Loan Data — Compusystems, Inc., Downers Grove, IL
Compusystems, Inc. is a subchapter s corporation located at 2651 Warrenville Rd in Downers Grove, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,537,500.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
Compusystems, Inc. in Downers Grove, IL received a Paycheck Protection Loan of $2.54M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Compusystems, Inc.'s total 2019 payroll expenses were approximately $12.18M in order to qualify for the PPP loan amount received.
Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $72,934 per employee1.
Business Information - Compusystems, Inc. in Downers Grove, IL
2651 Warrenville Rd
Downers Grove, IL 60515
Convention and Trade Show Organizers (NAICS code 561920)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-06
Similar Companies near Downers Grove
In the Downers Grove area, 3 businesses in the "Convention and Trade Show Organizers" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 167) and received an average PPP loan of $1,231,962 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
Mid Ventures, Inc.
Downers Grove, IL
Bunting Productions, Inc.
Downers Grove, IL
Industry PPP Comparison Statistics
Nationwide, 3,296 businesses in the "Convention and Trade Show Organizers" industry received a total of $335,312,943.00 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 8 employees, 95% lower than Compusystems, Inc.'s reported 167 employees, and received an average PPP loan of $101,733, 96% lower than this company's loan of $2.54M.
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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