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PPP Loan Data — Sayers Technology Holdings, Inc, Vernon Hills, IL

SBA PPP loan data, payroll data, and salaries for Sayers Technology Holdings, Inc
IL

Sayers Technology Holdings, Inc

Entity: Subchapter S Corporation

Industry: Computer Systems Design Services

Location: Vernon Hills, IL

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Sayers Technology Holdings, Inc is a subchapter s corporation located at 825 Corporate Woods Pkwy in Vernon Hills, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,494,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 138 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.49M

Jobs Retained:

138

Loan Approved:

2020-04-07

Lender:

CIBC BANK USA

Sayers Technology Holdings, Inc received a Paycheck Protection Loan of $2.49M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sayers Technology Holdings, Inc's total 2019 payroll expenses were approximately $11.97M in order to qualify for the PPP loan amount received.

Based on their reported 138 jobs retained, this equals an estimated average yearly compensation of $86,748 per employee1.

Because the loan received by Sayers Technology Holdings, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Sayers Technology Holdings, Inc in Vernon Hills, IL

Sayers Technology Holdings, Inc
825 Corporate Woods Pkwy
Vernon Hills, IL 60061

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: IL-10

Similar Companies near Vernon Hills

In the Vernon Hills area, 18 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 138) and received an average PPP loan of $297,524 (compared to this company's $2.49M).

Industry PPP Comparison Statistics

Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 93% lower than Sayers Technology Holdings, Inc's reported 138 employees, and received an average PPP loan of $181,408, 93% lower than this company's loan of $2.49M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sayers-technology-holdings-inc-vernon-hills-il