PPP Loan Data — Boys & Girls Clubs Of The Valley, Inc, Phoenix, AZ
Boys & Girls Clubs Of The Valley, Inc is a non-profit organization located at 4309 E Belleview Street, Bldg 4 in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,413,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Enterprise Bank & Trust
Boys & Girls Clubs Of The Valley, Inc in Phoenix, AZ received a Paycheck Protection Loan of $2.41M through Enterprise Bank & Trust, 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
Understanding Payroll Estimates Based On PPP Amount
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, Boys & Girls Clubs Of The Valley, Inc's 2019 payroll expenses are estimated to be at least $11.59M.
Based on their reported 413 jobs retained, this equals an estimated average yearly compensation of $28,055 per employee1
Reported PPP Proceed Usage:
On the PPP application, Boys & Girls Clubs Of The Valley, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,413,900
Business Information - Boys & Girls Clubs Of The Valley, Inc in Phoenix, AZ
4309 E Belleview Street, Bldg 4
Phoenix, AZ 85008
Child and Youth Services
NAICS code 624110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 3 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 150 employees (compared to this company's 413) and received an average PPP loan of $834,681 (compared to this company's $2.41M).
Similar Nearby Businesses Who Received PPP Funding:
Onward Hope, Inc
Industry PPP Comparison Statistics
Nationwide, 14,718 businesses in the "Child and Youth Services" industry received a total of $1.94B 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 18 employees, 96% lower than Boys & Girls Clubs Of The Valley, Inc's reported 413 employees, and received an average PPP loan of $132,042, 95% lower than this company's loan of $2.41M.
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Footnotes & Information
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