PPP Loan Data — Mobilecare, LLC, Gurnee, IL
Mobilecare, LLC is a limited liability company (LLC) located at 7275 Dada Dr in Gurnee, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,250.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Town Center Bank
Mobilecare, LLC in Gurnee, IL received a Paycheck Protection Loan of $25,250 through Town Center Bank, which was approved in May, 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, Mobilecare, LLC's 2019 payroll expenses are estimated to be at least $121,200.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,300 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mobilecare, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,250
Business Information - Mobilecare, LLC in Gurnee, IL
7275 Dada Dr
Gurnee, IL 60031
NAICS code 443142
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gurnee
In the Gurnee area, 3 businesses in the "Electronics Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $19,930 (compared to this company's $25,250).
Similar Nearby Businesses Who Received PPP Funding:
Chicago Imperial, LLC
Gamers Hq Corp
Industry PPP Comparison Statistics
Nationwide, 13,096 businesses in the "Electronics Stores" industry received a total of $848.58M 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 8 employees, 100% higher than Mobilecare, LLC's reported 4 employees, and received an average PPP loan of $64,797, 157% higher than this company's loan of $25,250.
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Footnotes & Information
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