PPP Loan Data — Inspire11 LLC, Chicago, IL
Inspire11 LLC is a limited liability company (LLC) located at 1 E Wacker Drive Suite 1110 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,707,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wintrust Bank, National Association
Inspire11 LLC in Chicago, IL received a Paycheck Protection Loan of $1.71M through Wintrust Bank, National Association, which was approved in April, 2020.
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, Inspire11 LLC's 2019 payroll expenses are estimated to be at least $8.2M.
Based on their reported 143 jobs retained, this equals an estimated average yearly compensation of $57,321 per employee1
Reported PPP Proceed Usage:
On the PPP application, Inspire11 LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,707,700
Business Information - Inspire11 LLC in Chicago, IL
1 E Wacker Drive Suite 1110
Chicago, IL 60601
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 59 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 143) and received an average PPP loan of $189,081 (compared to this company's $1.71M).
Similar Nearby Businesses Who Received PPP Funding:
Ascent Pgm LLC
Blueprint Wealth Advisors LLC
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Lisa A. Stanton, PC
Project180 Consulting LLC
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Santha V Dulaney DBA N2Skinn By Santha V Dulaney
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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, 97% lower than Inspire11 LLC's reported 143 employees, and received an average PPP loan of $44,524, 97% lower than this company's loan of $1.71M.
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Footnotes & Information
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