Language Loop
117 N Jefferson St Ste LL2
Chicago, Illinois, United States
Address
City: Chicago
Neighborhood: West Loop
State: Illinois
Postal Code: 60661
Country: United States
Business facts
Estimated annual revenue~$149.7K
Estimated employees~9
Annual payroll (2021)~$36.0K
In business since2006
Based on reported payroll data
Contacts
Area statistics (60661)
Population11,513
Median household income$139,748
Source: US Census ACS
About
Language Loop, LLC is a language instruction company based in downtown Chicago, offering private, semi-private, and small group classes in over 15 languages. They also provide tutoring, translation services, and cross-cultural training. With a diverse community of staff and highly-educated native speakers as instructors, Language Loop aims to help individuals develop the language skills they need to succeed. They offer specialized vocabulary curriculum and a free level evaluation for those with a background in the language of study.
💳
Credit Cards
American Express, Mastercard, Visa
ℹ️
Diversity Management
Woman Led
🅿️
Parking
Street Parking, Parking Lot
💰
Price
$
📶
Wi-Fi
Free
Market analysis
Revenue trend (modeled)
~$118.7K2019
~$110.2K2020
~$118.1K2021
~$144.9K2022
~$148.6K2023
~$149.7K2024
Modeled from official industry statistics+4.8%/yr since 201980% confidence band: ±42%
Company profile
Legal formLimited liability company (LLC)
Incorporated2006 (IL)
Employees (reported band)10-17
Observed
Federal support (SBA)
EIDL advance grant (2020)$10.0K · 10 jobs reported
PPP loan (2020)$7.5K · 3 jobs reported · implies ~$36.0K annual payroll · $7.6K forgiven
Second PPP loan (2021)$7.5K · 3 jobs reported · $7.6K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Other education n.e.c. in Illinois | 6,933 | ~$8.5B | ~$1.2M | ~$494.5K | 4.9★ | 0.3× |
Chain pressure37 chains expanding in this category, led by Mathnasium, Top Driver, 160 Driving Academy (+603 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 2,735 | ~$11.6B | ~$4.2M | ~$920.6K | 23,345 | ~$2.9B | 0.2× |
| Human health and social work activities | 270 | ~$397.0M | ~$1.5M | — | 1,501 | — | — |
| Education | 44 | ~$76.6M | ~$1.7M | — | 214 | — | — |
1 km area (all businesses): median from the 2,332 of 2,735 businesses with estimates
Estimate
Area conditions (60661)
Population11,513 ±964
Median household income$139,748 ±$24,808
Median home value$404,700
Bachelor's degree or higher0.9%
Unemployment rate0.0%
Source: US Census ACS