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PPP Loan Data — Paramedic Services Of Illinois Inc,
Itasca, IL
Paramedic Services Of Illinois Inc
Entity: Corporation
Industry: Ambulance Services
Location: Itasca, IL
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Paramedic Services Of Illinois Inc is a corporation located at 1 Pierce Pl Ste 750w in Itasca, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,714,592.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 451 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
451Loan Approved:
2020-04-14Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONParamedic Services Of Illinois Inc received a Paycheck Protection Loan of $4.71M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Paramedic Services Of Illinois Inc's total 2019 payroll expenses were approximately $22.63M in order to qualify for the PPP loan amount received.
Based on their reported 451 jobs retained, this equals an estimated average yearly compensation of $50,177 per employee1.
Business Information - Paramedic Services Of Illinois Inc in Itasca, IL
1 Pierce Pl Ste 750w
Itasca, IL 60143
Business Industry
Ambulance Services (NAICS code 621910)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: Unreported
Congressional District: IL-08Industry PPP Comparison Statistics
Nationwide, 2,115 businesses in the "Ambulance Services" industry received a total of $665,909,225.00 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 37 employees, 92% lower than Paramedic Services Of Illinois Inc's reported 451 employees, and received an average PPP loan of $314,851, 93% lower than this company's loan of $4.71M.
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.
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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