PPP Loan Data — Evangelical Lutheran Church In America, Chicago, IL
Evangelical Lutheran Church In America is a professional association located at 8765 W Higgins Road in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $7,506,200.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Evangelical Lutheran Church In America in Chicago, IL received a Paycheck Protection Loan of $7.51M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Evangelical Lutheran Church In America's total 2019 payroll expenses were approximately $36.03M in order to qualify for the PPP loan amount received.
Based on their reported 466 jobs retained, this equals an estimated average yearly compensation of $77,317 per employee1.
Business Information - Evangelical Lutheran Church In America in Chicago, IL
8765 W Higgins Road
Chicago, IL 60631
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-09
Similar Companies near Chicago
In the Chicago area, 27 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 466) and received an average PPP loan of $441,837 (compared to this company's $7.51M).
Similar Nearby Businesses Who Received PPP Funding:
Evangelical Covenant Church
Our Lady Of Victory Church
Immaculate Conception Parish
Mayfair Presbyterian Church
St. Robert Bellarmine Parish/Catholic Bishop Of Chicago
Windy City Community Church Inc
St. Paul Evangelical Luthern Church
St. Edward Parish/Catholic Bishop Of Chicago
Holy Resurrection Serbian Orthodox Drive
Industry PPP Comparison Statistics
Nationwide, 90,482 businesses in the "Religious Organizations" industry received a total of $7,309,297,472.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 98% lower than Evangelical Lutheran Church In America's reported 466 employees, and received an average PPP loan of $80,782, 99% lower than this company's loan of $7.51M.
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Footnotes & Information
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