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PPP Loan Data — Lutheran Social Services Of Illinois,
Des Plaines, IL
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:
Jobs Retained:
500Loan Approved:
2020-04-10Lender:
WINTRUST BANK, NATIONAL ASSOCIATIONLutheran 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.
Business Information - Lutheran Social Services Of Illinois in Des Plaines, IL
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-05Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
The Cavaliers Drum And Bugle Corps, Inc.
Rosemont, IL
Honor Flight Chicago Corp
Rosemont, IL
The Society Of Surgical Oncology, Inc.
Rosemont, IL
Illinois Swimming Incorporated
Des Plaines, IL
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.
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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