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PPP Loan Data — The Saunte Corporation, Chicago, IL

SBA PPP loan data, payroll data, and salaries for The Saunte Corporation
IL

The Saunte Corporation

Entity: Subchapter S Corporation

Industry: Computer Systems Design Services

Location: Chicago, IL

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The Saunte Corporation is a subchapter s corporation located at 875 N Michigan Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $40,200.00 in April, 2020.

The company has reported itself as an American indian or alaska native female owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$40,200

Jobs Retained:

3

Loan Approved:

2020-04-15

Lender:

LAKESIDE BANK

The Saunte Corporation received a Paycheck Protection Loan of $40,200 through LAKESIDE BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, The Saunte Corporation's total 2019 payroll expenses were approximately $192,960 in order to qualify for the PPP loan amount received.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $64,320 per employee1.

Business Information - The Saunte Corporation in Chicago, IL

The Saunte Corporation
875 N Michigan Ave
Chicago, IL 60611

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: AMERICAN INDIAN OR ALASKA NATIVE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: IL-07

Similar Companies near Chicago

In the Chicago area, 16 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 3) and received an average PPP loan of $314,398 (compared to this company's $40,200).

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, 233% higher than The Saunte Corporation's reported 3 employees, and received an average PPP loan of $181,408, 351% higher than this company's loan of $40,200.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/the-saunte-corporation-chicago-il