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PPP Loan Data — Chicago Public Media, Inc.,
Chicago, IL
Chicago Public Media, Inc.
Entity: Non-profit Organization
Industry: Radio Stations
Location: Chicago, IL
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Chicago Public Media, Inc. is a non-profit organization located at 848 East Grand Avenue in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,847,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
163Loan Approved:
2020-04-09Lender:
BMO HARRIS BANK NATIONAL ASSOCIATIONChicago Public Media, Inc. in Chicago, IL received a Paycheck Protection Loan of $2.85M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Chicago Public Media, Inc.'s total 2019 payroll expenses were approximately $13.67M in order to qualify for the PPP loan amount received.
Based on their reported 163 jobs retained, this equals an estimated average yearly compensation of $83,838 per employee1.
Business Information - Chicago Public Media, Inc. in Chicago, IL
848 East Grand Avenue
Chicago, IL 60611
Business Industry
Radio Stations (NAICS code 515112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-07Industry PPP Comparison Statistics
Nationwide, 2,380 businesses in the "Radio Stations" industry received a total of $248,381,799.00 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, 93% lower than Chicago Public Media, Inc.'s reported 163 employees, and received an average PPP loan of $104,362, 96% lower than this company's loan of $2.85M.
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, 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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