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

PPP Loan Data — Dominican Volunteers USA Church, River Forest, IL

ALERT: There are 2 PPP loans for a total of $36,000 in our database for businesses with the name "Dominican Volunteers USA Church" in River Forest, 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 Dominican Volunteers USA Church
IL Nonprofit Organization

Dominican Volunteers USA Church

Entity: Non-profit Organization

Industry: Religious Organizations

Location: River Forest, IL

Search All PPP Data

Dominican Volunteers USA Church is a non-profit organization located at 533 Ashland Ave in River Forest, Illinois that received a Coronavirus-related PPP loan from the SBA of $18,000.00 in April, 2021.

$ PPP Loan Information
Loan #5707918903

Loan Size:

$18,000

Jobs Retained:

9

Loan Approved:

2021-04-30

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Dominican Volunteers USA Church in River Forest, IL received a Paycheck Protection Loan of $18,000 through Bank of America, National Association, which was approved in April, 2021.

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 October, 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, Dominican Volunteers USA Church's 2019 payroll expenses are estimated to be at least $86,400.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $9,600 per employee1

Reported PPP Proceed Usage:

On the PPP application, Dominican Volunteers USA Church reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,000

Business Information - Dominican Volunteers USA Church in River Forest, IL

Dominican Volunteers USA Church
533 Ashland Ave
River Forest, IL 60305

Business Industry:
Religious Organizations
NAICS code 813110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cook County, IL — SBA Office 0507 — Congressional District: IL-07

Similar Companies near River Forest

In the River Forest area, 16 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 9) and received an average PPP loan of $163,477 (compared to this company's $18,000).

Industry PPP Comparison Statistics

Nationwide, 122,670 businesses in the "Religious Organizations" industry received a total of $9.25B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 33% higher than Dominican Volunteers USA Church's reported 9 employees, and received an average PPP loan of $75,418, 319% higher than this company's loan of $18,000.

SBA PPP loan data, payroll data, and salaries for Dominican Volunteers USA Church
IL Nonprofit Organization

Dominican Volunteers USA Church

Entity: Non-profit Organization

Industry: Civic and Social Organizations

Location: River Forest, IL

Search All PPP Data

Dominican Volunteers USA Church is a non-profit organization located at 533 Ashland Ave in River Forest, Illinois that received a Coronavirus-related PPP loan from the SBA of $18,000.00 in May, 2020.

$ PPP Loan Information
Loan #5895807709

Loan Size:

$18,000

Jobs Retained:

5

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Dominican Volunteers USA Church in River Forest, IL received a Paycheck Protection Loan of $18,000 through Bank of America, National Association, which was approved in May, 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 January, 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, Dominican Volunteers USA Church's 2019 payroll expenses are estimated to be at least $86,400.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $17,280 per employee1

Reported PPP Proceed Usage:

On the PPP application, Dominican Volunteers USA Church reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,000

Business Information - Dominican Volunteers USA Church in River Forest, IL

Dominican Volunteers USA Church
533 Ashland Ave
River Forest, IL 60305

Business Industry:
Civic and Social Organizations
NAICS code 813410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cook County, IL — SBA Office 0507 — Congressional District: IL-07

Similar Companies near River Forest

In the River Forest area, 2 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $15,313 (compared to this company's $18,000).

Similar Nearby Businesses Who Received PPP Funding:

Friends Of The Oak Park Conservatory
Oak Lawn, IL

$12,625 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 18,467 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 300% higher than Dominican Volunteers USA Church's reported 5 employees, and received an average PPP loan of $140,720, 682% higher than this company's loan of $18,000.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/dominican-volunteers-usa-church-river-forest-il