PPP Loan Data — First Congregational Church Of Naperville, Naperville, IL
First Congregational Church Of Naperville
Entity: Non-profit Organization
Location: Naperville, ILTweet This • Search All PPP Data
First Congregational Church Of Naperville is a non-profit organization located at 25 E. Benton Avenue in Naperville, Illinois that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wheaton Bank & Trust Company, National Association
First Congregational Church Of Naperville in Naperville, IL received a Paycheck Protection Loan of $45,900 through Wheaton Bank & Trust Company, National Association, 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 June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, First Congregational Church Of Naperville's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,474 per employee1
Reported PPP Proceed Usage:
On the PPP application, First Congregational Church Of Naperville reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,425
- Utilities: $11,475
Business Information - First Congregational Church Of Naperville in Naperville, IL
25 E. Benton Avenue
Naperville, IL 60540
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Naperville
In the Naperville area, 5 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 7) and received an average PPP loan of $16,484 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
Tupelo Lane Designs Inc
WSR Construction, Inc
Jeffrey Romack Design Consultant
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 71% higher than First Congregational Church Of Naperville's reported 7 employees, and received an average PPP loan of $157,325, 243% higher than this company's loan of $45,900.
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Footnotes & Information
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