PPP Loan Data — Swag City Promo Incorporated, Glenview, IL
Swag City Promo Incorporated is a corporation located at 701 Forum Square #409 in Glenview, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cache Valley Bank
Swag City Promo Incorporated in Glenview, IL received a Paycheck Protection Loan of $25,000 through Cache Valley Bank, which was approved in July, 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, Swag City Promo Incorporated's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Swag City Promo Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Swag City Promo Incorporated in Glenview, IL
701 Forum Square #409
Glenview, IL 60025
Other Services Related to Advertising
NAICS code 541890
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 12,550 businesses in the "Other Services Related to Advertising" industry received a total of $692.9M 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 5 employees, 150% higher than Swag City Promo Incorporated's reported 2 employees, and received an average PPP loan of $55,211, 121% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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