PPP Loan Data — Monterrey Security Consultants, Inc., Chicago, IL
Monterrey Security Consultants, Inc. is a corporation located at 2232 S Blue Island Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,658,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 249 people during the applicable loan loan period.
$ PPP Loan Information
Monterrey Security Consultants, Inc. in Chicago, IL received a Paycheck Protection Loan of $4.66M through SIGNATURE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Monterrey Security Consultants, Inc.'s total 2019 payroll expenses were approximately $22.36M in order to qualify for the PPP loan amount received.
Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $89,810 per employee1.
Business Information - Monterrey Security Consultants, Inc. in Chicago, IL
2232 S Blue Island Ave
Chicago, IL 60608
All Other Personal Services (NAICS code 812990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IL-04
Similar Companies near Chicago
In the Chicago area, 80 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 249) and received an average PPP loan of $77,898 (compared to this company's $4.66M).
Similar Nearby Businesses Who Received PPP Funding:
Lady E Photography
Edward H Cruz
SAT Nam Yoga Chicago
Chicago Vintage Weddings Limited
Key Point Solutions Inc
Industry PPP Comparison Statistics
Nationwide, 73,988 businesses in the "All Other Personal Services" industry received a total of $2,458,516,421.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 99% lower than Monterrey Security Consultants, Inc.'s reported 249 employees, and received an average PPP loan of $33,229, 99% lower than this company's loan of $4.66M.
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, 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.
Have FederalPay.org's open data tools been valuable? Consider donating!