PPP Loan Data — Bridgeway Inc., Galesburg, IL
Entity: Non-profit Organization
Location: Galesburg, ILTweet This • Search All PPP Data
Bridgeway Inc. is a non-profit organization located at 2323 Windish Dr in Galesburg, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,428,239.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST BANKERS TRUST COMPANY, NATIONAL ASSOCIATION
Bridgeway Inc. in Galesburg, IL received a Paycheck Protection Loan of $2.43M through FIRST BANKERS TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bridgeway Inc.'s total 2019 payroll expenses were approximately $11.66M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $23,311 per employee1.
Business Information - Bridgeway Inc. in Galesburg, IL
2323 Windish Dr
Galesburg, IL 61401
Offices of Mental Health Practitioners (except Physicians) (NAICS code 621330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-17
Similar Companies near Galesburg
In the Galesburg area, 2 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a PPP loan. These local businesses reported an average of 254 employees (compared to this company's 500) and received an average PPP loan of $1,263,570 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
Crossroads Counseling And Life Coaching
Industry PPP Comparison Statistics
Nationwide, 19,828 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a total of $847,562,029.00 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 4 employees, 99% lower than Bridgeway Inc.'s reported 500 employees, and received an average PPP loan of $42,746, 98% lower than this company's loan of $2.43M.
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.
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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