PPP Loan Data — Netrix, LLC, Bannockburn, IL
Entity: Limited Liability Company (LLC)
Location: Bannockburn, ILTweet This • Search All PPP Data
Netrix, LLC is a limited liability company (LLC) located at 2801 Lakeside Drive in Bannockburn, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,922,000.00 in April, 2020.
$ PPP Loan Information
Lender:WINTRUST BANK, NATIONAL ASSOCIATION
Netrix, LLC in Bannockburn, IL received a Paycheck Protection Loan of $4.92M through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Netrix, LLC's total 2019 payroll expenses were approximately $23.63M in order to qualify for the PPP loan amount received.
Based on their reported 309 jobs retained, this equals an estimated average yearly compensation of $76,458 per employee1.
Business Information - Netrix, LLC in Bannockburn, IL
2801 Lakeside Drive
Bannockburn, IL 60015
Other Scientific and Technical Consulting Services (NAICS code 541690)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-10
Similar Companies near Bannockburn
In the Bannockburn area, 12 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 309) and received an average PPP loan of $469,293 (compared to this company's $4.92M).
Similar Nearby Businesses Who Received PPP Funding:
Converged Technology Professionals, Inc.
Crystal Lake, IL
Sirbew Foundation Inc.
The Auctus Group
MHS Systems Consulting
Robert Hugh Farley
Scarfe Consulting LLC
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Comp - Net Solutions, Inc.,
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Keepsake Family Tree Video, Inc.
Industry PPP Comparison Statistics
Nationwide, 14,293 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $1,499,073,773.00 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 7 employees, 98% lower than Netrix, LLC's reported 309 employees, and received an average PPP loan of $104,882, 98% lower than this company's loan of $4.92M.
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.
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