PPP Loan Data — Suite Little Feet, Inc, Chicago, IL
Suite Little Feet, Inc is a corporation located at 1439 W 79th St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,250.00 in May, 2020.
The company has reported itself as a male veteran owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Suite Little Feet, Inc in Chicago, IL received a Paycheck Protection Loan of $25,250 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
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, Suite Little Feet, Inc's 2019 payroll expenses are estimated to be at least $121,200.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,300 per employee1
Reported PPP Proceed Usage:
On the PPP application, Suite Little Feet, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,200
- Utilities: $1,200
- Rent: $3,850
Business Information - Suite Little Feet, Inc in Chicago, IL
1439 W 79th St
Chicago, IL 60620
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 342 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $22,083 (compared to this company's $25,250).
Similar Nearby Businesses Who Received PPP Funding:
Kids Are Us Learning Academy Inc
King's Kiddie Kingdom, Inc
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 100% higher than Suite Little Feet, Inc's reported 4 employees, and received an average PPP loan of $41,676, 65% higher than this company's loan of $25,250.
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Footnotes & Information
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