PPP Loan Data — The Montessori Network, Chicago, IL
The Montessori Network is a corporation located at 6936 S Hermitage Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $515,040.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 70 people during the applicable loan loan period.
$ PPP Loan Information
Lender:INLAND BANK AND TRUST
The Montessori Network received a Paycheck Protection Loan of $515,040 through INLAND BANK AND TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Montessori Network's total 2019 payroll expenses were approximately $2.47M in order to qualify for the PPP loan amount received.
Based on their reported 70 jobs retained, this equals an estimated average yearly compensation of $35,317 per employee1.
Business Information - The Montessori Network in Chicago, IL
6936 S Hermitage Ave
Chicago, IL 60636
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Chicago
In the Chicago area, 8 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 70) and received an average PPP loan of $526,754 (compared to this company's $515,040).
Similar Nearby Businesses Who Received PPP Funding:
Charisse D Parham
Mount Carmel High School
Astep Ahaed Day Care Inc.
The Lithuanian Cultural School Of Chicago
Leslie Shankman School Corp
Tiny Scholars Academy, Inc
Industry PPP Comparison Statistics
Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 46% lower than The Montessori Network's reported 70 employees, and received an average PPP loan of $379,166, 26% lower than this company's loan of $515,040.
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.
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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