PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Burgess Square Healthcare And Rehabilitation Centre LLC, Westmont, IL

ALERT: There are 2 PPP loans for a total of $3.66M in our database for businesses with the name "Burgess Square Healthcare And Rehabilitation Centre LLC" in Westmont, IL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Burgess Square Healthcare And Rehabilitation Centre LLC
IL

Burgess Square Healthcare And Rehabilitation Centre LLC

Entity: Limited Liability Company (LLC)

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Westmont, IL

Search All PPP Data

Burgess Square Healthcare And Rehabilitation Centre LLC is a limited liability company (LLC) located at 5801 S Cass Ave in Westmont, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least 201 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3455828501

Loan Size:

$2M

Jobs Retained:

201

Loan Approved:

2021-02-24

Loan Status:

Ongoing Loan

Lender:

CIBC Bank USA

Burgess Square Healthcare And Rehabilitation Centre LLC in Westmont, IL received a Paycheck Protection Loan of $2M through CIBC Bank USA, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Burgess Square Healthcare And Rehabilitation Centre LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $47,761 per employee1

Reported PPP Proceed Usage:

On the PPP application, Burgess Square Healthcare And Rehabilitation Centre LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,994
  • Utilities: $1
Because the loan received by Burgess Square Healthcare And Rehabilitation Centre LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Burgess Square Healthcare And Rehabilitation Centre LLC in Westmont, IL

Burgess Square Healthcare And Rehabilitation Centre LLC
5801 S Cass Ave
Westmont, IL 60559

Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dupage County, IL — SBA Office 0507 — Congressional District: IL-06

Similar Companies near Westmont

In the Westmont area, 7 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 201) and received an average PPP loan of $977,359 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 60 employees, 70% lower than Burgess Square Healthcare And Rehabilitation Centre LLC's reported 201 employees, and received an average PPP loan of $442,944, 78% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Burgess Square Healthcare And Rehabilitation Centre, LLC
IL

Burgess Square Healthcare And Rehabilitation Centre, LLC

Entity: Limited Liability Company (LLC)

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Westmont, IL

Search All PPP Data

Burgess Square Healthcare And Rehabilitation Centre, LLC is a limited liability company (LLC) located at 5801 S. Cass Ave in Westmont, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,655,900.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 223 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4709747010

Loan Size:

$1.66M

Jobs Retained:

223

Loan Approved:

2020-04-04

Loan Status:

Paid in Full or Forgiven

Lender:

CIBC Bank USA

Burgess Square Healthcare And Rehabilitation Centre, LLC in Westmont, IL received a Paycheck Protection Loan of $1.66M through CIBC Bank USA, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Burgess Square Healthcare And Rehabilitation Centre, LLC's 2019 payroll expenses are estimated to be at least $7.95M.

Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $35,643 per employee1

Reported PPP Proceed Usage:

On the PPP application, Burgess Square Healthcare And Rehabilitation Centre, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,655,900

Business Information - Burgess Square Healthcare And Rehabilitation Centre, LLC in Westmont, IL

Burgess Square Healthcare And Rehabilitation Centre, LLC
5801 S. Cass Ave
Westmont, IL 60559

Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dupage County, IL — SBA Office 0507 — Congressional District: IL-06

Similar Companies near Westmont

In the Westmont area, 7 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 223) and received an average PPP loan of $977,359 (compared to this company's $1.66M).

Industry PPP Comparison Statistics

Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 60 employees, 73% lower than Burgess Square Healthcare And Rehabilitation Centre, LLC's reported 223 employees, and received an average PPP loan of $442,944, 73% lower than this company's loan of $1.66M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/burgess-square-healthcare-and-rehabilitation-centre-llc-westmont-il