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PPP Loan Data — Boysville Of Michigan, Incorporated, Clinton, MI

SBA PPP loan data, payroll data, and salaries for Boysville Of Michigan, Incorporated
MI Nonprofit Organization

Boysville Of Michigan, Incorporated

Entity: Non-profit Organization

Industry: Child and Youth Services

Location: Clinton, MI

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Boysville Of Michigan, Incorporated is a non-profit organization located at 8759 Clinton-macon Road in Clinton, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,659,400.00 in April, 2020.

The company has reported itself as a female owned non-profit, and employed at least 345 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.66M

Jobs Retained:

345

Loan Approved:

2020-04-27

Lender:

PREMIER BANK

Boysville Of Michigan, Incorporated received a Paycheck Protection Loan of $2.66M through PREMIER BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Boysville Of Michigan, Incorporated's total 2019 payroll expenses were approximately $12.77M in order to qualify for the PPP loan amount received.

Based on their reported 345 jobs retained, this equals an estimated average yearly compensation of $37,000 per employee1.

Because the loan received by Boysville Of Michigan, Incorporated 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 - Boysville Of Michigan, Incorporated in Clinton, MI

Boysville Of Michigan, Incorporated
8759 Clinton-macon Road
Clinton, MI 49236

Business Industry

Child and Youth Services (NAICS code 624110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: MI-07

Industry PPP Comparison Statistics

Nationwide, 6,712 businesses in the "Child and Youth Services" industry received a total of $1,286,022,505.00 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 24 employees, 93% lower than Boysville Of Michigan, Incorporated's reported 345 employees, and received an average PPP loan of $191,600, 93% lower than this company's loan of $2.66M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/boysville-of-michigan-incorporated-clinton-mi