PPP Loan Data — Kerr-Parzygnot Funeral Home LLC, Chicago Hts, IL
Kerr-Parzygnot Funeral Home LLC is a limited liability company (LLC) located at 540 Dixie Hwy in Chicago Hts, Illinois that received a Coronavirus-related PPP loan from the SBA of $46,705.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Kerr-Parzygnot Funeral Home LLC in Chicago Hts, IL received a Paycheck Protection Loan of $46,705 through U.S. Bank, National Association, which was approved in April, 2020.
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, Kerr-Parzygnot Funeral Home LLC's 2019 payroll expenses are estimated to be at least $224,184.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,728 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kerr-Parzygnot Funeral Home LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,705
Business Information - Kerr-Parzygnot Funeral Home LLC in Chicago Hts, IL
540 Dixie Hwy
Chicago Hts, IL 60411
Funeral Homes and Funeral Services
NAICS code 812210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago Hts
In the Chicago Hts area, 2 businesses in the "Funeral Homes and Funeral Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $48,903 (compared to this company's $46,705).
Similar Nearby Businesses Who Received PPP Funding:
Woods Funeral Home Cremation Services, LTD
Chicago Heights, IL
Industry PPP Comparison Statistics
Nationwide, 10,120 businesses in the "Funeral Homes and Funeral Services" industry received a total of $621.85M 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 8 employees, 167% higher than Kerr-Parzygnot Funeral Home LLC's reported 3 employees, and received an average PPP loan of $61,448, 32% higher than this company's loan of $46,705.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!