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PPP Loan Data — Immaculate Conception Parish,
Chicago, IL
Immaculate Conception Parish
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Chicago, IL
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Immaculate Conception Parish is a non-profit organization located at 7211 W Talcott Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $88,284.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
12Loan Approved:
2020-04-13Lender:
WINTRUST BANK, NATIONAL ASSOCIATIONImmaculate Conception Parish received a Paycheck Protection Loan of $88,284 through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Immaculate Conception Parish's total 2019 payroll expenses were approximately $423,763 in order to qualify for the PPP loan amount received.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $35,314 per employee1.
Business Information - Immaculate Conception Parish in Chicago, IL
7211 W Talcott Ave
Chicago, IL 60631
Business Industry
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-05Similar 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 12) and received an average PPP loan of $441,837 (compared to this company's $88,284).
Similar Nearby Businesses Who Received PPP Funding:
St Simons Parish/The Catholic Bishop Of Chicago
Chicago, IL
St Richards Church
Chicago, IL
St. Paul Evangelical Luthern Church
Chicago, IL
Eden United Church Of Christ
Chicago, IL
Holy Resurrection Serbian Orthodox Drive
Chicago, IL
St Thomas Orthodox Church
Chicago, IL
New Life Community Church
Chicago, IL
St. Edward Parish/Catholic Bishop Of Chicago
Chicago, IL
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, 8% lower than Immaculate Conception Parish's reported 12 employees, and received an average PPP loan of $80,782, 8% lower than this company's loan of $88,284.
Immaculate Conception Parish
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Chicago, IL
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Immaculate Conception Parish is a non-profit organization located at 2745 W 44th Street in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $28,446.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
5Loan Approved:
2020-04-15Lender:
WINTRUST BANK, NATIONAL ASSOCIATIONImmaculate Conception Parish received a Paycheck Protection Loan of $28,446 through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Immaculate Conception Parish's total 2019 payroll expenses were approximately $136,541 in order to qualify for the PPP loan amount received.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $27,308 per employee1.
Business Information - Immaculate Conception Parish in Chicago, IL
2745 W 44th Street
Chicago, IL 60632
Business Industry
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-04Similar Companies near Chicago
In the Chicago area, 19 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 5) and received an average PPP loan of $594,250 (compared to this company's $28,446).
Similar Nearby Businesses Who Received PPP Funding:
Evangelical Lutheran Church In America
Chicago, IL
Immaculate Conception Parish
Chicago, IL
Our Lady Of Fatima Church
Chicago, IL
Maribel Castro
Chicago, IL
Lebanon Lutheran Church
Chicago, IL
Saint Juliana Parish / Catholic Bishop Of Chicago
Chicago, IL
Evangelical Covenant Church
Chicago, IL
Windy City Community Church Inc
Chicago, IL
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, 120% higher than Immaculate Conception Parish's reported 5 employees, and received an average PPP loan of $80,782, 184% higher than this company's loan of $28,446.
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.
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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