PPP Loan Data — Ilink Systems, Inc., Bothell, WA
Ilink Systems, Inc. is a corporation located at 18912 North Creek Pkwy Ste 208 in Bothell, Washington that received a Coronavirus-related PPP loan from the SBA of $2,568,230.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Ilink Systems, Inc. received a Paycheck Protection Loan of $2.57M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ilink Systems, Inc.'s total 2019 payroll expenses were approximately $12.33M in order to qualify for the PPP loan amount received.
Based on their reported 138 jobs retained, this equals an estimated average yearly compensation of $89,330 per employee1.
Business Information - Ilink Systems, Inc. in Bothell, WA
18912 North Creek Pkwy Ste 208
Bothell, WA 98011
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-01
Similar Companies near Bothell
In the Bothell area, 13 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 138) and received an average PPP loan of $247,665 (compared to this company's $2.57M).
Similar Nearby Businesses Who Received PPP Funding:
Mill Creek, WA
X Enterprises, LLC
Seapro Solutions, Inc.
Mill Creek, WA
Blue Lotus Bhakti
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 92% lower than Ilink Systems, Inc.'s reported 138 employees, and received an average PPP loan of $200,633, 92% lower than this company's loan of $2.57M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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.
Have FederalPay.org's open data tools been valuable? Consider donating!