PPP Loan Data — Launch Technical Workforce Solutions, LLC, Oak Brook, IL
Launch Technical Workforce Solutions, LLC is a limited liability company (LLC) located at 700 Commerce Drive Suite 140 in Oak Brook, Illinois that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Launch Technical Workforce Solutions, LLC received a Paycheck Protection Loan of $10M through MIDFIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Launch Technical Workforce Solutions, LLC's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Launch Technical Workforce Solutions, LLC in Oak Brook, IL
700 Commerce Drive Suite 140
Oak Brook, IL 60523
Aircraft Manufacturing (NAICS code 336411)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-05
Similar Companies near Oak Brook
In the Oak Brook area, 3 businesses in the "Aircraft Manufacturing" industry received a PPP loan. These local businesses reported an average of 237 employees (compared to this company's 500) and received an average PPP loan of $3,976,533 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Launch Industrial LLC
Oak Brook, IL
Launch Management Services
Oak Brook, IL
Industry PPP Comparison Statistics
Nationwide, 433 businesses in the "Aircraft Manufacturing" industry received a total of $144,828,076.00 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 22 employees, 96% lower than Launch Technical Workforce Solutions, LLC's reported 500 employees, and received an average PPP loan of $334,476, 97% lower than this company's loan of $10M.
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.
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