PPP Loan Data — One Acre Fund, Highland Park, IL
One Acre Fund is a non-profit organization located at 1954 1st St Ste 183 in Highland Park, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,701,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
One Acre Fund in Highland Park, IL received a Paycheck Protection Loan of $1.7M through Citibank, N.A., which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, One Acre Fund's 2019 payroll expenses are estimated to be at least $8.17M.
Based on their reported 122 jobs retained, this equals an estimated average yearly compensation of $66,948 per employee1
Reported PPP Proceed Usage:
On the PPP application, One Acre Fund reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,701,600
Business Information - One Acre Fund in Highland Park, IL
1954 1st St Ste 183
Highland Park, IL 60035
Other Social Advocacy Organizations
NAICS code 813319
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Highland Park
In the Highland Park area, 2 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 122) and received an average PPP loan of $865,800 (compared to this company's $1.7M).
Similar Nearby Businesses Who Received PPP Funding:
Cheryl Urow Teaching For Biliteracy, Inc
Highland Park, IL
Industry PPP Comparison Statistics
Nationwide, 9,921 businesses in the "Other Social Advocacy Organizations" industry received a total of $1.43B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 16 employees, 87% lower than One Acre Fund's reported 122 employees, and received an average PPP loan of $144,360, 92% lower than this company's loan of $1.7M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!