PPP Loan Data — Roman Catholic Diocese Of Joliet, Crest Hill, IL
Roman Catholic Diocese Of Joliet is a non-profit organization located at 16555 Weber Rd in Crest Hill, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,695,638.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Midwest Bank
Roman Catholic Diocese Of Joliet in Crest Hill, IL received a Paycheck Protection Loan of $1.7M through First Midwest Bank, 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, Roman Catholic Diocese Of Joliet's 2019 payroll expenses are estimated to be at least $8.14M.
Based on their reported 126 jobs retained, this equals an estimated average yearly compensation of $64,596 per employee1
Reported PPP Proceed Usage:
On the PPP application, Roman Catholic Diocese Of Joliet reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,695,638
Business Information - Roman Catholic Diocese Of Joliet in Crest Hill, IL
16555 Weber Rd
Crest Hill, IL 60403
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Crest Hill
In the Crest Hill area, 30 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 126) and received an average PPP loan of $133,921 (compared to this company's $1.7M).
Similar Nearby Businesses Who Received PPP Funding:
Word Of Life Church Of Illinois Inc
Crest Hill, IL
Elizabeth A Poest
Trinity Community Church Ucc
St Mary Of Celle Parish - Catholic Bishop Of Chicago
Bet-El Baptist Church
Pathway Christian Fellowship Church
St Michael And All Angels Church
Unity Lutheran Church
St Leonard Parish/ The Catholic Bishop Of Chicago
Industry PPP Comparison Statistics
Nationwide, 123,083 businesses in the "Religious Organizations" industry received a total of $9.27B 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, 90% lower than Roman Catholic Diocese Of Joliet's reported 126 employees, and received an average PPP loan of $75,298, 96% lower than this company's loan of $1.7M.
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Footnotes & Information
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