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PPP Loan Data — Compusystems, Inc., Downers Grove, IL

SBA PPP loan data, payroll data, and salaries for Compusystems, Inc.
IL

Compusystems, Inc.

Entity: Subchapter S Corporation

Industry: Convention and Trade Show Organizers

Location: Downers Grove, IL

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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

Loan Size:

$2.54M

Jobs Retained:

167

Loan Approved:

2020-04-08

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.

Because the loan received by Compusystems, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Compusystems, Inc. in Downers Grove, IL

Compusystems, Inc.
2651 Warrenville Rd
Downers Grove, IL 60515

Business Industry

Convention and Trade Show Organizers (NAICS code 561920)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/compusystems-inc-downers-grove-il