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PPP Loan Data — Sayers Technology Holdings, Inc,
Vernon Hills, 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:
Jobs Retained:
138Loan Approved:
2020-04-07Lender:
CIBC BANK USASayers 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.
Business Information - Sayers Technology Holdings, Inc in Vernon Hills, IL
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-10Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
M-Power Inc
Vernon Hills, IL
CSG Computer Support Group, Incorporated
Northbrook, IL
Computerized Information Service Inc
Northbrook, IL
Dynacom, Inc.
Mundelein, IL
Itegria, LLC
Northbrook, IL
Snap Solutions LLC
Vernon Hills, IL
Simply Icard Consulting Inc.
Northbrook, IL
Strategic Data Intelligence, LLC
Northbrook, IL
Frontpage Interactive, LLC
Mundelein, IL
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.
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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