PPP Loan Data — Wavsys LLC, Chicago, IL
Wavsys LLC is a limited liability company (LLC) located at 2000 N Racine Ave Ste 4500 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,000,000.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Wavsys LLC received a Paycheck Protection Loan of $5M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Wavsys LLC's total 2019 payroll expenses were approximately $24M in order to qualify for the PPP loan amount received.
Based on their reported 463 jobs retained, this equals an estimated average yearly compensation of $51,836 per employee1.
Business Information - Wavsys LLC in Chicago, IL
2000 N Racine Ave Ste 4500
Chicago, IL 60614
Software Publishers (NAICS code 511210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-05
Similar Companies near Chicago
In the Chicago area, 14 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 463) and received an average PPP loan of $421,560 (compared to this company's $5M).
Similar Nearby Businesses Who Received PPP Funding:
Varuna Tech Inc
Sketches And Pixels, LLC
Tournament Experts Accommodations Management Solutions LLC
Industry PPP Comparison Statistics
Nationwide, 8,232 businesses in the "Software Publishers" industry received a total of $2,105,805,320.00 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 13 employees, 97% lower than Wavsys LLC's reported 463 employees, and received an average PPP loan of $255,807, 95% lower than this company's loan of $5M.
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Footnotes & Information
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