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PPP Loan Data — Vertex Resource Group, Inc.,
Saint Charles, IL
Vertex Resource Group, Inc.
Entity: Corporation
Industry: Human Resources Consulting Services
Location: Saint Charles, IL
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Vertex Resource Group, Inc. is a corporation located at 2570 Foxfield Rd Ste 200 in Saint Charles, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,992,010.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 445 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
445Loan Approved:
2020-04-07Lender:
ST. CHARLES BANK & TRUST COMPANY, NATIONAL ASSOCIATIONVertex Resource Group, Inc. received a Paycheck Protection Loan of $3.99M through ST. CHARLES BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vertex Resource Group, Inc.'s total 2019 payroll expenses were approximately $19.16M in order to qualify for the PPP loan amount received.
Based on their reported 445 jobs retained, this equals an estimated average yearly compensation of $43,060 per employee1.
Business Information - Vertex Resource Group, Inc. in Saint Charles, IL
2570 Foxfield Rd Ste 200
Saint Charles, IL 60174
Business Industry
Human Resources Consulting Services (NAICS code 541612)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: IL-06Similar Companies near Saint Charles
In the Saint Charles area, 4 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 445) and received an average PPP loan of $1,036,153 (compared to this company's $3.99M).
Similar Nearby Businesses Who Received PPP Funding:
HR Management Group, Inc
Saint Charles, IL
Savvy Pro, LLC
Saint Charles, IL
Nadeshiko LLC DBA Pacific Advisory Service
Schaumburg, IL
Industry PPP Comparison Statistics
Nationwide, 4,762 businesses in the "Human Resources Consulting Services" industry received a total of $618,531,209.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 98% lower than Vertex Resource Group, Inc.'s reported 445 employees, and received an average PPP loan of $129,889, 97% lower than this company's loan of $3.99M.
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.
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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