Alleluia! Lutheran Church in Naperville Receives Between $150,000 to $350,000 in a Payment Protection Program Loan, Retained 65 Jobs

On July 6, 2020, the U.S. Small Business Administration and Treasury Department released the names of small businesses who received loans from the Payment Protection Program in amounts between $150,000 and $350,000.

Alleluia! Lutheran Church in Naperville received a loan in that dollar range and reported the loan allowed the business to retain 65 jobs.  To view data for all Illinois businesses, go here. 

According to the Small Business Administration: "The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses. Click here to read more about PPP loan forgiveness."

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