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PPP Loan Data — Near North Health Service Corporation, The, Chicago, IL

SBA PPP loan data, payroll data, and salaries for Near North Health Service Corporation, The
IL Nonprofit Organization

Near North Health Service Corporation, The

Entity: Non-profit Organization

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Chicago, IL

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Near North Health Service Corporation, The is a non-profit organization located at 1276 N Clybourn Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,708,219.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.71M

Jobs Retained:

240

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Near North Health Service Corporation, The received a Paycheck Protection Loan of $2.71M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Near North Health Service Corporation, The's total 2019 payroll expenses were approximately $13M in order to qualify for the PPP loan amount received.

Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $54,164 per employee1.

Because the loan received by Near North Health Service Corporation, The 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 - Near North Health Service Corporation, The in Chicago, IL

Near North Health Service Corporation, The
1276 N Clybourn Ave
Chicago, IL 60610

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-07

Similar Companies near Chicago

In the Chicago area, 105 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 240) and received an average PPP loan of $130,773 (compared to this company's $2.71M).

Industry PPP Comparison Statistics

Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 96% lower than Near North Health Service Corporation, The's reported 240 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.71M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/near-north-health-service-corporation-the-chicago-il