PPP Loan Data — Field Museum Of Natural History, Chicago, IL
Field Museum Of Natural History is a non-profit organization located at 1400 S. Lake Shore Drive in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,339,255.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Field Museum Of Natural History in Chicago, IL received a Paycheck Protection Loan of $6.34M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Field Museum Of Natural History's total 2019 payroll expenses were approximately $30.43M in order to qualify for the PPP loan amount received.
Based on their reported 495 jobs retained, this equals an estimated average yearly compensation of $61,472 per employee1.
Business Information - Field Museum Of Natural History in Chicago, IL
1400 S. Lake Shore Drive
Chicago, IL 60605
Museums (NAICS code 712110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 5 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 197 employees (compared to this company's 495) and received an average PPP loan of $2,702,816 (compared to this company's $6.34M).
Similar Nearby Businesses Who Received PPP Funding:
The Irish Georgian Society, Inc.
The Adler Planetarium
Frank Lloyd Wright Trust
Shedd Aquarium Society
Industry PPP Comparison Statistics
Nationwide, 4,135 businesses in the "Museums" industry received a total of $670,583,040.00 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 16 employees, 97% lower than Field Museum Of Natural History's reported 495 employees, and received an average PPP loan of $162,172, 97% lower than this company's loan of $6.34M.
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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