PPP Loan Data — Acdi/Voca, Washington, DC
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
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Acdi/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
Other Social Advocacy Organizations (NAICS code 813319)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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:
Global Witness Inc.
National Jewish Policy Center
Can I Live, Inc
Developing Families Center Inc
Congressional Hunger Center
Children's Defense Fund
Wand Education Fund Inc
Organizing Neighborhood Equity
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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