PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Pilgrim Congregational Church, Oak Park, IL

ALERT: There are 2 PPP loans for a total of $178,470 in our database for businesses with the name "Pilgrim Congregational Church" in Oak Park, IL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Pilgrim Congregational Church
IL Nonprofit Organization

Pilgrim Congregational Church

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Oak Park, IL

Search All PPP Data

Pilgrim Congregational Church is a non-profit organization located at 460 Lake St in Oak Park, Illinois that received a Coronavirus-related PPP loan from the SBA of $89,235.00 in January, 2021.

$ PPP Loan Information
Loan #5796158302

Loan Size:

$89,235

Jobs Retained:

12

Loan Approved:

2021-01-25

Loan Status:

Paid in Full or Forgiven

Lender:

Byline Bank

Pilgrim Congregational Church in Oak Park, IL received a Paycheck Protection Loan of $89,235 through Byline Bank, which was approved in January, 2021.

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 October, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Pilgrim Congregational Church's 2019 payroll expenses are estimated to be at least $428,328.

Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $35,694 per employee1

Reported PPP Proceed Usage:

On the PPP application, Pilgrim Congregational Church reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $89,231
  • Utilities: $1

Business Information - Pilgrim Congregational Church in Oak Park, IL

Pilgrim Congregational Church
460 Lake St
Oak Park, IL 60302

Business Industry:
Religious Organizations
NAICS code 813110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cook County, IL — SBA Office 0507 — Congressional District: IL-07

Similar Companies near Oak Park

In the Oak Park area, 32 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 12) and received an average PPP loan of $92,791 (compared to this company's $89,235).

Industry PPP Comparison Statistics

Nationwide, 122,670 businesses in the "Religious Organizations" industry received a total of $9.25B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, the same amount reported by Pilgrim Congregational Church and received an average PPP loan of $75,418, 15% lower than this company's loan of $89,235.

SBA PPP loan data, payroll data, and salaries for Pilgrim Congregational Church
IL Nonprofit Organization

Pilgrim Congregational Church

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Oak Park, IL

Search All PPP Data

Pilgrim Congregational Church is a non-profit organization located at 460 Lake Street in Oak Park, Illinois that received a Coronavirus-related PPP loan from the SBA of $89,235.00 in April, 2020.

$ PPP Loan Information
Loan #8245767200

Loan Size:

$89,235

Jobs Retained:

20

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Byline Bank

Pilgrim Congregational Church in Oak Park, IL received a Paycheck Protection Loan of $89,235 through Byline Bank, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Pilgrim Congregational Church's 2019 payroll expenses are estimated to be at least $428,328.

Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $21,416 per employee1

Reported PPP Proceed Usage:

On the PPP application, Pilgrim Congregational Church reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $89,235

Business Information - Pilgrim Congregational Church in Oak Park, IL

Pilgrim Congregational Church
460 Lake Street
Oak Park, IL 60302

Business Industry:
Religious Organizations
NAICS code 813110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cook County, IL — SBA Office 0507 — Congressional District: IL-04

Similar Companies near Oak Park

In the Oak Park area, 32 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 20) and received an average PPP loan of $92,791 (compared to this company's $89,235).

Industry PPP Comparison Statistics

Nationwide, 122,670 businesses in the "Religious Organizations" industry received a total of $9.25B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 40% lower than Pilgrim Congregational Church's reported 20 employees, and received an average PPP loan of $75,418, 15% lower than this company's loan of $89,235.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/pilgrim-congregational-church-oak-park-il