PPP Loan Data — Redirect, LLC, Chicago, IL
Redirect, LLC is a limited liability company (LLC) located at 225 W Washington St Ste 2200 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $46,427.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Redirect, LLC in Chicago, IL received a Paycheck Protection Loan of $46,427 through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 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, Redirect, LLC's 2019 payroll expenses are estimated to be at least $222,850.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,283 per employee1
Reported PPP Proceed Usage:
On the PPP application, Redirect, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $41,754
- Utilities: $2,000
- Health Care: $2,673
Business Information - Redirect, LLC in Chicago, IL
225 W Washington St Ste 2200
Chicago, IL 60606
Human Resources Consulting Services
NAICS code 541612
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 24 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 3) and received an average PPP loan of $358,028 (compared to this company's $46,427).
Similar Nearby Businesses Who Received PPP Funding:
Holistic Solutions LLC
DHR International Inc
Allium Partners LLC
Opportunity Engine, Inc
Bottomline Recruiting LLC
RTR Management And Consulting Services LLC
The Equus Group LLC
Stanard & Associates Inc
Industry PPP Comparison Statistics
Nationwide, 10,577 businesses in the "Human Resources Consulting Services" industry received a total of $842.84M 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 7 employees, 133% higher than Redirect, LLC's reported 3 employees, and received an average PPP loan of $79,686, 72% higher than this company's loan of $46,427.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!