PPP Loan Data — National Safety Council, Itasca, IL
National Safety Council
Entity: Non-profit Organization
Industry: Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)
Location: Itasca, ILTweet This • Search All PPP Data
National Safety Council is a non-profit organization located at 1121 Spring Lake Drive in Itasca, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,191,700.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
National Safety Council in Itasca, IL received a Paycheck Protection Loan of $5.19M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, National Safety Council's total 2019 payroll expenses were approximately $24.92M in order to qualify for the PPP loan amount received.
Based on their reported 485 jobs retained, this equals an estimated average yearly compensation of $51,382 per employee1.
Business Information - National Safety Council in Itasca, IL
1121 Spring Lake Drive
Itasca, IL 60143
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-08
Similar Companies near Itasca
In the Itasca area, 2 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a PPP loan. These local businesses reported an average of 243 employees (compared to this company's 485) and received an average PPP loan of $2,601,150 (compared to this company's $5.19M).
Similar Nearby Businesses Who Received PPP Funding:
Matthew Crow Realtor
Industry PPP Comparison Statistics
Nationwide, 5,649 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a total of $456,342,271.00 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 9 employees, 98% lower than National Safety Council's reported 485 employees, and received an average PPP loan of $80,783, 98% lower than this company's loan of $5.19M.
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, 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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