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PPP Loan Data — Acdi/Voca,
Washington, DC
Acdi/Voca
Entity: Non-profit Organization
Industry: Other Social Advocacy Organizations
Location: Washington, DC
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Acdi/Voca is a non-profit organization located at 50 F St Nw Ste 1075 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $2,858,485.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
174Loan Approved:
2020-04-14Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONAcdi/Voca received a Paycheck Protection Loan of $2.86M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Acdi/Voca's total 2019 payroll expenses were approximately $13.72M in order to qualify for the PPP loan amount received.
Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $78,855 per employee1.
Business Information - Acdi/Voca in Washington, DC
50 F St Nw Ste 1075
Washington, DC 20001
Business Industry
Other Social Advocacy Organizations (NAICS code 813319)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: DC-Similar Companies near Washington
In the Washington area, 24 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 174) and received an average PPP loan of $315,695 (compared to this company's $2.86M).
Similar Nearby Businesses Who Received PPP Funding:
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Congressional Hunger Center
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Industry PPP Comparison Statistics
Nationwide, 5,930 businesses in the "Other Social Advocacy Organizations" industry received a total of $1,048,421,927.00 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 17 employees, 90% lower than Acdi/Voca's reported 174 employees, and received an average PPP loan of $176,800, 94% lower than this company's loan of $2.86M.
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.
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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