PPP Loan Data — Tso4U Inc, Glenview, IL
Tso4U Inc is a corporation located at 10337 Dearlove Rd Apt A302 in Glenview, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Tso4U Inc in Glenview, IL received a Paycheck Protection Loan of $25,000 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, Tso4U Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $4,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tso4U Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,800
- Utilities: $1,000
- Rent: $2,200
Business Information - Tso4U Inc in Glenview, IL
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
PPP recipients in this industry report an average of 0 employees, 100% lower than Tso4U Inc's reported 30 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,000.
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Footnotes & Information
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