PPP Loan Data — Ensight Security Solutions Inc, Countryside, IL
Ensight Security Solutions Inc is a subchapter s corporation located at 6432 Joliet Rd Ste B1 in Countryside, Illinois that received a Coronavirus-related PPP loan from the SBA of $24,992.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Huntington National Bank
Ensight Security Solutions Inc in Countryside, IL received a Paycheck Protection Loan of $24,992 through The Huntington National Bank, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 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, Ensight Security Solutions Inc's 2019 payroll expenses are estimated to be at least $119,962.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,981 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ensight Security Solutions Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,992
Business Information - Ensight Security Solutions Inc in Countryside, IL
6432 Joliet Rd Ste B1
Countryside, IL 60525
Security Systems Services (except Locksmiths)
NAICS code 561621
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Countryside
In the Countryside area, 2 businesses in the "Security Systems Services (except Locksmiths)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $27,069 (compared to this company's $24,992).
Similar Nearby Businesses Who Received PPP Funding:
Murphy Security Solutions, LLC
La Grange Park, IL
Industry PPP Comparison Statistics
Nationwide, 9,089 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $1.11B 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 12 employees, 500% higher than Ensight Security Solutions Inc's reported 2 employees, and received an average PPP loan of $122,118, 389% higher than this company's loan of $24,992.
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Footnotes & Information
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