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

PPP Loan Data — Terry Johnson, Chicago, IL

ALERT: There are 6 PPP loans for a total of $158,752 in our database for businesses with the name "Terry Johnson" in Chicago, 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 Terry Johnson
IL

Terry Johnson

Entity: Sole Proprietorship

Industry: Other Activities Related to Real Estate

Location: Chicago, IL

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Terry Johnson is a sole proprietorship located in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in April, 2021.

$ PPP Loan Information
Loan #4637908801

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-04-16

Loan Status:

Active Un-Disbursed

Lender:

Customers Bank
PPP Funds Undisbursed

Terry Johnson in Chicago, IL received a Paycheck Protection Loan of $20,833 through Customers Bank, which was approved in April, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $20,833 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in April, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Terry Johnson reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,830
  • Utilities: $1

Business Information - Terry Johnson in Chicago, IL

Terry Johnson
Chicago, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Activities Related to Real Estate
NAICS code 531390

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: Y

HUBZone: Y

Rural / Urban: Urban

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

Similar Companies near Chicago

In the Chicago area, 95 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $67,093 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 79,334 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.69B 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 4 employees, 300% higher than Terry Johnson's reported 1 employees, and received an average PPP loan of $46,456, 123% higher than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for Terry Johnson
IL

Terry Johnson

Entity: Sole Proprietorship

Industry: General Freight Trucking, Local

Location: Chicago, IL

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Terry Johnson is a sole proprietorship located in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in April, 2021.

The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8332558702

Loan Size:

$20,832

Jobs Retained:

1

Loan Approved:

2021-04-07

Loan Status:

Active Un-Disbursed

Lender:

Capital Plus Financial, LLC
PPP Funds Undisbursed

Terry Johnson in Chicago, IL received a Paycheck Protection Loan of $20,832 through Capital Plus Financial, LLC, which was approved in April, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $20,832 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in April, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Terry Johnson reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,827
  • Utilities: $1

Business Information - Terry Johnson in Chicago, IL

Terry Johnson
Chicago, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

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

Similar Companies near Chicago

In the Chicago area, 232 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $21,479 (compared to this company's $20,832).

Industry PPP Comparison Statistics

Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B 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 4 employees, 300% higher than Terry Johnson's reported 1 employees, and received an average PPP loan of $37,520, 80% higher than this company's loan of $20,832.

SBA PPP loan data, payroll data, and salaries for Terry Johnson
IL

Terry Johnson

Entity: Sole Proprietorship

Industry: General Freight Trucking, Local

Location: Chicago, IL

Search All PPP Data

Terry Johnson is a sole proprietorship located in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $20,810.00 in March, 2021.

$ PPP Loan Information
Loan #2731538609

Loan Size:

$20,810

Jobs Retained:

1

Loan Approved:

2021-03-15

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Terry Johnson in Chicago, IL received a Paycheck Protection Loan of $20,810 through Cross River Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Terry Johnson reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,808
  • Utilities: $1

Business Information - Terry Johnson in Chicago, IL

Terry Johnson
Chicago, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
General Freight Trucking, Local
NAICS code 484110

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: Y

HUBZone: Y

Rural / Urban: Urban

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

Similar Companies near Chicago

In the Chicago area, 136 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $17,147 (compared to this company's $20,810).

Industry PPP Comparison Statistics

Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B 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 4 employees, 300% higher than Terry Johnson's reported 1 employees, and received an average PPP loan of $37,520, 80% higher than this company's loan of $20,810.

SBA PPP loan data, payroll data, and salaries for Terry Johnson
IL

Terry Johnson

Entity: Sole Proprietorship

Industry: Other Activities Related to Real Estate

Location: Chicago, IL

Search All PPP Data

Terry Johnson is a sole proprietorship located in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in March, 2021.

$ PPP Loan Information
Loan #1273128601

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-03-13

Loan Status:

Ongoing Loan

Lender:

Customers Bank

Terry Johnson in Chicago, IL received a Paycheck Protection Loan of $20,833 through Customers Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Terry Johnson reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,830
  • Utilities: $1

Business Information - Terry Johnson in Chicago, IL

Terry Johnson
Chicago, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Activities Related to Real Estate
NAICS code 531390

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: Y

HUBZone: Y

Rural / Urban: Urban

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

Similar Companies near Chicago

In the Chicago area, 95 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $67,093 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 79,334 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.69B 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 4 employees, 300% higher than Terry Johnson's reported 1 employees, and received an average PPP loan of $46,456, 123% higher than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for Terry Johnson
IL

Terry Johnson

Entity: Sole Proprietorship

Industry: Offices of Lawyers

Location: Chicago, IL

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Terry Johnson is a sole proprietorship located at 505 E Illinois St Ste 1 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $56,842.00 in January, 2021.

$ PPP Loan Information
Loan #7547778309

Loan Size:

$56,842

Jobs Retained:

3

Loan Approved:

2021-01-28

Loan Status:

Ongoing Loan

Lender:

Signature Bank

Terry Johnson in Chicago, IL received a Paycheck Protection Loan of $56,842 through Signature Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Terry Johnson's 2019 payroll expenses are estimated to be at least $272,842.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $90,947 per employee1

Reported PPP Proceed Usage:

On the PPP application, Terry Johnson reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $56,839
  • Utilities: $1

Business Information - Terry Johnson in Chicago, IL

Terry Johnson
505 E Illinois St Ste 1
Chicago, IL 60611

Business Industry:
Offices of Lawyers
NAICS code 541110

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 Chicago

In the Chicago area, 101 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 3) and received an average PPP loan of $225,851 (compared to this company's $56,842).

Industry PPP Comparison Statistics

Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 100% higher than Terry Johnson's reported 3 employees, and received an average PPP loan of $81,518, 43% higher than this company's loan of $56,842.

SBA PPP loan data, payroll data, and salaries for Terry Johnson
IL

Terry Johnson

Entity: Sole Proprietorship

Industry: General Freight Trucking, Local

Location: Chicago, IL

Search All PPP Data

Terry Johnson is a sole proprietorship located in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $18,602.00 in July, 2020.

$ PPP Loan Information
Loan #1248558109

Loan Size:

$18,602

Jobs Retained:

1

Loan Approved:

2020-07-09

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Terry Johnson in Chicago, IL received a Paycheck Protection Loan of $18,602 through Cross River Bank, which was approved in July, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Terry Johnson reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,602

Business Information - Terry Johnson in Chicago, IL

Terry Johnson
Chicago, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

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

Similar Companies near Chicago

In the Chicago area, 136 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $17,147 (compared to this company's $18,602).

Industry PPP Comparison Statistics

Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B 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 4 employees, 300% higher than Terry Johnson's reported 1 employees, and received an average PPP loan of $37,520, 102% higher than this company's loan of $18,602.

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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Source: www.federalpay.org/paycheck-protection-program/terry-johnson-chicago-il