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PPP Loan Data — Midwest Center For Womens Healthcare LTD, Bannockburn, IL

SBA PPP loan data, payroll data, and salaries for Midwest Center For Womens Healthcare LTD
IL

Midwest Center For Womens Healthcare LTD

Entity: Corporation

Industry: Unknown

Location: Bannockburn, IL

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Midwest Center For Womens Healthcare LTD is a corporation located at 2801 Lakeside Dr Ste 209 in Bannockburn, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,926,145.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.93M

Jobs Retained:

185

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Midwest Center For Womens Healthcare LTD received a Paycheck Protection Loan of $2.93M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Midwest Center For Womens Healthcare LTD's total 2019 payroll expenses were approximately $14.05M in order to qualify for the PPP loan amount received.

Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $75,922 per employee1.

Because the loan received by Midwest Center For Womens Healthcare LTD 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 - Midwest Center For Womens Healthcare LTD in Bannockburn, IL

Midwest Center For Womens Healthcare LTD
2801 Lakeside Dr Ste 209
Bannockburn, IL 60015

Business Industry

Unknown (NAICS code 0)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-10

Similar Companies near Bannockburn

In the Bannockburn area, 2,908 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 185) and received an average PPP loan of $112,469 (compared to this company's $2.93M).

Industry PPP Comparison Statistics

Nationwide, 5,156,850 businesses in the "Unknown" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 95% lower than Midwest Center For Womens Healthcare LTD's reported 185 employees, and received an average PPP loan of $101,409, 97% lower than this company's loan of $2.93M.

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.

Search FederalPay's Full PPP Loan Database

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/midwest-center-for-womens-healthcare-ltd-bannockburn-il