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PPP Loan Data — Association For The Blind Of R, Rochester, NY

SBA PPP loan data, payroll data, and salaries for Association For The Blind Of R
NY Nonprofit Organization

Association For The Blind Of R

Entity: Non-profit Organization

Industry: Vocational Rehabilitation Services

Location: Rochester, NY

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Association For The Blind Of R is a non-profit organization located at 422 South Clinton in Rochester, New York that received a Coronavirus-related PPP loan from the SBA of $3,899,000.00 in April, 2020.

The company has reported itself as a White male owned non-profit.

$ PPP Loan Information

Loan Size:

$3.9M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-10

Lender:

KEYBANK NATIONAL ASSOCIATION

Association For The Blind Of R in Rochester, NY received a Paycheck Protection Loan of $3.9M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Association For The Blind Of R's total 2019 payroll expenses were approximately $18.72M in order to qualify for the PPP loan amount received.

Unlike most businesses, Association For The Blind Of R's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Association For The Blind Of R is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Association For The Blind Of R in Rochester, NY

Association For The Blind Of R
422 South Clinton
Rochester, NY 14620

Business Industry

Vocational Rehabilitation Services (NAICS code 624310)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NY-25

Similar Companies near Rochester

In the Rochester area, 3 businesses in the "Vocational Rehabilitation Services" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 0) and received an average PPP loan of $1,718,160 (compared to this company's $3.9M).

Industry PPP Comparison Statistics

Nationwide, 2,261 businesses in the "Vocational Rehabilitation Services" industry received a total of $613,000,241.00 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 35 employees, and received an average PPP loan of $271,119, 93% lower than this company's loan of $3.9M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/association-for-the-blind-of-r-rochester-ny