PPP Loan Data — Mcdermott Center, Chicago, IL
Entity: Non-profit Organization
Location: Chicago, ILTweet This • Search All PPP Data
Mcdermott Center is a non-profit organization located at 120 N. Sangamon Street in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,964,900.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Mcdermott Center in Chicago, IL received a Paycheck Protection Loan of $2.96M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mcdermott Center's total 2019 payroll expenses were approximately $14.23M in order to qualify for the PPP loan amount received.
Based on their reported 297 jobs retained, this equals an estimated average yearly compensation of $47,918 per employee1.
Business Information - Mcdermott Center in Chicago, IL
120 N. Sangamon Street
Chicago, IL 60607
Residential Mental Health and Substance Abuse Facilities (NAICS code 623220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 2 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a PPP loan. These local businesses reported an average of 197 employees (compared to this company's 297) and received an average PPP loan of $1,992,650 (compared to this company's $2.96M).
Similar Nearby Businesses Who Received PPP Funding:
A Safe Haven Foundation
Industry PPP Comparison Statistics
Nationwide, 2,121 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $773,399,773.00 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 38 employees, 87% lower than Mcdermott Center's reported 297 employees, and received an average PPP loan of $364,639, 88% lower than this company's loan of $2.96M.
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