PPP Loan Data — I.C.System, Inc., Saint Paul, MN
I.C.System, Inc. is a corporation located at 444 Highway 96 East in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,948,500.00 in April, 2020.
$ PPP Loan Information
I.C.System, Inc. in Saint Paul, MN received a Paycheck Protection Loan of $4.95M through HIGHLAND BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, I.C.System, Inc.'s total 2019 payroll expenses were approximately $23.75M in order to qualify for the PPP loan amount received.
Based on their reported 492 jobs retained, this equals an estimated average yearly compensation of $48,278 per employee1.
Business Information - I.C.System, Inc. in Saint Paul, MN
444 Highway 96 East
Saint Paul, MN 55127
Collection Agencies (NAICS code 561440)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-04
Industry PPP Comparison Statistics
Nationwide, 1,688 businesses in the "Collection Agencies" industry received a total of $422,227,575.00 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 20 employees, 96% lower than I.C.System, Inc.'s reported 492 employees, and received an average PPP loan of $250,135, 95% lower than this company's loan of $4.95M.
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Footnotes & Information
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