PPP Loan Data — Arapahoe Mental Health Center, Inc, Englewood, CO
Arapahoe Mental Health Center, Inc is a non-profit organization located at 116 Inverness Drive East Suite 105 in Englewood, Colorado that received a Coronavirus-related PPP loan from the SBA of $6,457,608.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 459 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:AMG National Trust Bank
Arapahoe Mental Health Center, Inc in Englewood, CO received a Paycheck Protection Loan of $6.46M through AMG National Trust Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.Read More
Understanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.Read More
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, Arapahoe Mental Health Center, Inc's 2019 payroll expenses are estimated to be at least $31M.
Based on their reported 459 jobs retained, this equals an estimated average yearly compensation of $67,531 per employee1
Reported PPP Proceed Usage:
On the PPP application, Arapahoe Mental Health Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,457,608
Business Information - Arapahoe Mental Health Center, Inc in Englewood, CO
116 Inverness Drive East Suite 105
Englewood, CO 80112
Offices of Physicians, Mental Health Specialists
NAICS code 621112
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Englewood
In the Englewood area, 25 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 459) and received an average PPP loan of $341,355 (compared to this company's $6.46M).
Similar Nearby Businesses Who Received PPP Funding:
Jennifer Ritchie-Goodline, Psyd
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Metro Denver Pain Management PLLC
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Summit Headache And Neurologic Institute, PC
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TMS Center Centennial LLC
Front Range Treatment Center, LTD
Lauren M Hirsch MD Inc
Greenwood Village, CO
Industry PPP Comparison Statistics
Nationwide, 20,261 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1.67B 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 8 employees, 98% lower than Arapahoe Mental Health Center, Inc's reported 459 employees, and received an average PPP loan of $82,606, 99% lower than this company's loan of $6.46M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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