PPP Loan Data — Primecare Community Health, Inc, Chicago, IL
Primecare Community Health, Inc is a non-profit organization located at 2211 N Elston Ave Ste 301 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,787,894.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:National Cooperative Bank, National Association
Primecare Community Health, Inc in Chicago, IL received a Paycheck Protection Loan of $1.79M through National Cooperative Bank, National Association, which was approved in April, 2020.
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, Primecare Community Health, Inc's 2019 payroll expenses are estimated to be at least $8.58M.
Based on their reported 149 jobs retained, this equals an estimated average yearly compensation of $57,597 per employee1
Reported PPP Proceed Usage:
On the PPP application, Primecare Community Health, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,787,894
Business Information - Primecare Community Health, Inc in Chicago, IL
2211 N Elston Ave Ste 301
Chicago, IL 60614
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 13 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 149) and received an average PPP loan of $639,373 (compared to this company's $1.79M).
Similar Nearby Businesses Who Received PPP Funding:
Pediatric Therapy Network, Inc
Speech Results Therapy Inc
Howard Brown Health Center
DAC Imaging SC
Chicago Area Rehabilitation Experts Inc
Head/Heart Therapy, Inc
Lake Shore Medical Associates LTD
DK Therapy LLC
Industry PPP Comparison Statistics
Nationwide, 20,239 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.82B 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 9 employees, 94% lower than Primecare Community Health, Inc's reported 149 employees, and received an average PPP loan of $90,010, 95% lower than this company's loan of $1.79M.
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Footnotes & Information
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