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PPP Loan Data — Catholic Charities Archdiocese Of New Orleans, New Orleans, LA

SBA PPP loan data, payroll data, and salaries for Catholic Charities Archdiocese Of New Orleans
LA Nonprofit Organization

Catholic Charities Archdiocese Of New Orleans

Entity: Non-profit Organization

Industry: Child and Youth Services

Location: New Orleans, LA

Search All PPP Data

Catholic Charities Archdiocese Of New Orleans is a non-profit organization located at 1000 Howard Ave in New Orleans, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,904,406.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.9M

Jobs Retained:

500

Loan Approved:

2020-04-27

Lender:

HANCOCK WHITNEY BANK

Catholic Charities Archdiocese Of New Orleans received a Paycheck Protection Loan of $2.9M through HANCOCK WHITNEY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Catholic Charities Archdiocese Of New Orleans' total 2019 payroll expenses were approximately $13.94M 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 $27,882 per employee1.

Because the loan received by Catholic Charities Archdiocese Of New Orleans 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 - Catholic Charities Archdiocese Of New Orleans in New Orleans, LA

Catholic Charities Archdiocese Of New Orleans
1000 Howard Ave
New Orleans, LA 70113

Business Industry

Child and Youth Services (NAICS code 624110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-02

Similar Companies near New Orleans

In the New Orleans area, 2 businesses in the "Child and Youth Services" 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 $1,491,603 (compared to this company's $2.9M).

Similar Nearby Businesses Who Received PPP Funding:

Casa New Orleans
New Orleans, LA

$78,800 PPP Loan

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, 95% lower than Catholic Charities Archdiocese Of New Orleans' reported 500 employees, and received an average PPP loan of $191,600, 93% lower than this company's loan of $2.9M.

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, 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.

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/catholic-charities-archdiocese-of-new-orleans-new-orleans-la