PPP Loan Data — Synectics Inc., Chicago, IL
Synectics Inc. is a corporation located at 135 S Lasalle St Ste 2050 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,739,808.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Synectics Inc. in Chicago, IL received a Paycheck Protection Loan of $3.74M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Synectics Inc.'s total 2019 payroll expenses were approximately $17.95M in order to qualify for the PPP loan amount received.
Based on their reported 267 jobs retained, this equals an estimated average yearly compensation of $67,233 per employee1.
Business Information - Synectics Inc. in Chicago, IL
135 S Lasalle St Ste 2050
Chicago, IL 60603
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 6 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 137 employees (compared to this company's 267) and received an average PPP loan of $1,161,096 (compared to this company's $3.74M).
Similar Nearby Businesses Who Received PPP Funding:
Allmed Staffing, Inc.
Careers In Nonprofits, Inc.
Mack & Associates LTD
Industry PPP Comparison Statistics
Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 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 61 employees, 77% lower than Synectics Inc.'s reported 267 employees, and received an average PPP loan of $608,834, 84% lower than this company's loan of $3.74M.
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Footnotes & Information
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