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PPP Loan Data — Lutheran Social Services Of Illinois, Des Plaines, IL

SBA PPP loan data, payroll data, and salaries for Lutheran Social Services Of Illinois
IL Nonprofit Organization

Lutheran Social Services Of Illinois

Entity: Non-profit Organization

Industry: Civic and Social Organizations

Location: Des Plaines, IL

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Lutheran Social Services Of Illinois is a non-profit organization located at 1001 E Touhy Ave, Suite 50 in Des Plaines, Illinois that received a Coronavirus-related PPP loan from the SBA of $9,985,367.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$9.99M

Jobs Retained:

500

Loan Approved:

2020-04-10

Lender:

WINTRUST BANK, NATIONAL ASSOCIATION

Lutheran Social Services Of Illinois received a Paycheck Protection Loan of $9.99M through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lutheran Social Services Of Illinois' total 2019 payroll expenses were approximately $47.93M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $95,860 per employee1.

Because the loan received by Lutheran Social Services Of Illinois is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Lutheran Social Services Of Illinois in Des Plaines, IL

Lutheran Social Services Of Illinois
1001 E Touhy Ave, Suite 50
Des Plaines, IL 60018

Business Industry

Civic and Social Organizations (NAICS code 813410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-05

Similar Companies near Des Plaines

In the Des Plaines area, 5 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 106 employees (compared to this company's 500) and received an average PPP loan of $2,080,925 (compared to this company's $9.99M).

Industry PPP Comparison Statistics

Nationwide, 11,463 businesses in the "Civic and Social Organizations" industry received a total of $1,562,132,328.00 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 Lutheran Social Services Of Illinois' reported 500 employees, and received an average PPP loan of $136,276, 99% lower than this company's loan of $9.99M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/lutheran-social-services-of-illinois-des-plaines-il