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PPP Loan Data — Tyndale House Ministries, Carol Stream, IL

SBA PPP loan data, payroll data, and salaries for Tyndale House Ministries
IL Nonprofit Organization

Tyndale House Ministries

Entity: Non-profit Organization

Industry: Book Publishers

Location: Carol Stream, IL

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Tyndale House Ministries is a non-profit organization located at 351 Executive Drive in Carol Stream, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,185,645.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.19M

Jobs Retained:

222

Loan Approved:

2020-04-08

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Tyndale House Ministries in Carol Stream, IL received a Paycheck Protection Loan of $4.19M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Tyndale House Ministries' total 2019 payroll expenses were approximately $20.09M in order to qualify for the PPP loan amount received.

Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $90,500 per employee1.

Because the loan received by Tyndale House Ministries is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Tyndale House Ministries in Carol Stream, IL

Tyndale House Ministries
351 Executive Drive
Carol Stream, IL 60188

Business Industry

Book Publishers (NAICS code 511130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-06

Similar Companies near Carol Stream

In the Carol Stream area, 3 businesses in the "Book Publishers" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 222) and received an average PPP loan of $1,997,917 (compared to this company's $4.19M).

Industry PPP Comparison Statistics

Nationwide, 1,536 businesses in the "Book Publishers" industry received a total of $256,913,578.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 95% lower than Tyndale House Ministries' reported 222 employees, and received an average PPP loan of $167,261, 96% lower than this company's loan of $4.19M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/tyndale-house-ministries-carol-stream-il