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PPP Loan Data — Itsavvy LLC, Addison, IL

SBA PPP loan data, payroll data, and salaries for Itsavvy LLC
IL

Itsavvy LLC

Entity: Limited Liability Company (LLC)

Industry: Computer and Computer Peripheral Equipment and Software Merchant Wholesalers

Location: Addison, IL

Search All PPP Data

Itsavvy LLC is a limited liability company (LLC) located at 313 Rohlwing Rd in Addison, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,255,925.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.26M

Jobs Retained:

191

Loan Approved:

2020-04-14

Lender:

FIFTH THIRD BANK

Itsavvy LLC received a Paycheck Protection Loan of $3.26M through FIFTH THIRD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Itsavvy LLC's total 2019 payroll expenses were approximately $15.63M in order to qualify for the PPP loan amount received.

Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $81,824 per employee1.

Because the loan received by Itsavvy LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Itsavvy LLC in Addison, IL

Itsavvy LLC
313 Rohlwing Rd
Addison, IL 60101

Business Industry

Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (NAICS code 423430)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-08

Similar Companies near Addison

In the Addison area, 2 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 99 employees (compared to this company's 191) and received an average PPP loan of $1,688,656 (compared to this company's $3.26M).

Similar Nearby Businesses Who Received PPP Funding:

Computerized Fleet Analysis, Inc.
Addison, IL

$121,387 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,714 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $530,433,905.00 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 12 employees, 94% lower than Itsavvy LLC's reported 191 employees, and received an average PPP loan of $195,444, 94% lower than this company's loan of $3.26M.

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.

Search FederalPay's Full PPP Loan Database

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/itsavvy-llc-addison-il