PPP Loan Data — Allegheny Lutheran Social Ministries Inc, Altoona, PA
Allegheny Lutheran Social Ministries Inc is a non-profit organization located at 998 Logan Blvd in Altoona, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,890,000.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST COMMONWEALTH BANK
Allegheny Lutheran Social Ministries Inc received a Paycheck Protection Loan of $2.89M through FIRST COMMONWEALTH BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Allegheny Lutheran Social Ministries Inc's total 2019 payroll expenses were approximately $13.87M in order to qualify for the PPP loan amount received.
Based on their reported 406 jobs retained, this equals an estimated average yearly compensation of $34,167 per employee1.
Business Information - Allegheny Lutheran Social Ministries Inc in Altoona, PA
998 Logan Blvd
Altoona, PA 16602
Continuing Care Retirement Communities (NAICS code 623311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-13
Industry PPP Comparison Statistics
Nationwide, 2,172 businesses in the "Continuing Care Retirement Communities" industry received a total of $1,251,764,538.00 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 69 employees, 83% lower than Allegheny Lutheran Social Ministries Inc's reported 406 employees, and received an average PPP loan of $576,319, 80% lower than this company's loan of $2.89M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!