PPP Loan Data — Hokin Investment Advisors, Northbrook, IL
Hokin Investment Advisors is a corporation located at 707 Skokie Boulevard Suite 520 in Northbrook, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Northbrook Bank & Trust Company, National Association
Hokin Investment Advisors in Northbrook, IL received a Paycheck Protection Loan of $25,400 through Northbrook Bank & Trust Company, National Association, which was approved in April, 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 March, 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, Hokin Investment Advisors' 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hokin Investment Advisors reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,050
- Utilities: $3,175
- Health Care: $3,175
Business Information - Hokin Investment Advisors in Northbrook, IL
707 Skokie Boulevard Suite 520
Northbrook, IL 60062
NAICS code 523930
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Northbrook
In the Northbrook area, 42 businesses in the "Investment Advice" 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 $39,423 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Bottom Line Financial Inc
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Creative Contessa Inc
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Schmidt Financial Group LLC
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JAG Financial Services, Inc
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Asset Management Corporation DBA Asset Management Group LTD
M-G Financial Inc
Industry PPP Comparison Statistics
Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B 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 4 employees, 100% higher than Hokin Investment Advisors' reported 2 employees, and received an average PPP loan of $44,994, 77% higher than this company's loan of $25,400.
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Footnotes & Information
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