PPP Loan Data — Microbiological Testing & Consulting LLC, Chicago, IL
Microbiological Testing & Consulting LLC
Entity: Limited Liability Company (LLC)
Location: Chicago, ILTweet This • Search All PPP Data
Microbiological Testing & Consulting LLC is a limited liability company (LLC) located at 10501 S Kedzie Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $45,980.00 in January, 2021.
The company has reported itself as a female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Beverly Bank & Trust Company, National Association
Microbiological Testing & Consulting LLC in Chicago, IL received a Paycheck Protection Loan of $45,980 through Beverly Bank & Trust Company, National Association, which was approved in January, 2021.
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, Microbiological Testing & Consulting LLC's 2019 payroll expenses are estimated to be at least $220,704.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,141 per employee1
Reported PPP Proceed Usage:
On the PPP application, Microbiological Testing & Consulting LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,980
Business Information - Microbiological Testing & Consulting LLC in Chicago, IL
10501 S Kedzie Ave
Chicago, IL 60655
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 88 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 5) and received an average PPP loan of $134,481 (compared to this company's $45,980).
Similar Nearby Businesses Who Received PPP Funding:
Jafora Fox Inc
Vasta & Associates, Inc
Korgen Hospitality LLC
Loma Solutions, LLC
Cochon Volant, LLC
Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, the same amount reported by Microbiological Testing & Consulting LLC and received an average PPP loan of $58,139, 26% higher than this company's loan of $45,980.
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