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PPP Loan Data — National Safety Council, Itasca, IL

SBA PPP loan data, payroll data, and salaries for National Safety Council
IL Nonprofit Organization

National Safety Council

Entity: Non-profit Organization

Industry: Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)

Location: Itasca, IL

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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

Loan Size:

$5.19M

Jobs Retained:

485

Loan Approved:

2020-04-10

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.

Because the loan received by National Safety Council 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 - National Safety Council in Itasca, IL

National Safety Council
1121 Spring Lake Drive
Itasca, IL 60143

Business Industry

Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) (NAICS code 813990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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
Huntley, IL

$10,600 PPP Loan

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.

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/national-safety-council-itasca-il