PPP Loan Data — Yorkhurst Park, LP, Forest Park, IL
Yorkhurst Park, LP
Entity: Not Reported
Location: Forest Park, ILTweet This • Search All PPP Data
Yorkhurst Park, LP is a located at 25 Elgin Ave in Forest Park, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fifth Third Bank
Yorkhurst Park, LP in Forest Park, IL received a Paycheck Protection Loan of $25,100 through Fifth Third Bank, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Yorkhurst Park, LP's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, Yorkhurst Park, LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Yorkhurst Park, LP in Forest Park, IL
25 Elgin Ave
Forest Park, IL 60130
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 13,270 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B 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 27 employees, 350% higher than Yorkhurst Park, LP's reported 6 employees, and received an average PPP loan of $160,784, 541% higher than this company's loan of $25,100.
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Footnotes & Information
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