PPP Loan Data — Norwood Crossing Association, Chicago, IL
Norwood Crossing Association is a non-profit organization located at 6016 N. Nina Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,534,249.00 in April, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
Norwood Crossing Association received a Paycheck Protection Loan of $2.53M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Norwood Crossing Association's total 2019 payroll expenses were approximately $12.16M in order to qualify for the PPP loan amount received.
Based on their reported 257 jobs retained, this equals an estimated average yearly compensation of $47,332 per employee1.
Business Information - Norwood Crossing Association in Chicago, IL
6016 N. Nina Ave
Chicago, IL 60631
Other Residential Care Facilities (NAICS code 623990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-09
Industry PPP Comparison Statistics
Nationwide, 2,694 businesses in the "Other Residential Care Facilities" industry received a total of $666,350,372.00 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 29 employees, 89% lower than Norwood Crossing Association's reported 257 employees, and received an average PPP loan of $247,346, 90% lower than this company's loan of $2.53M.
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Footnotes & Information
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