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PPP Loan Data — Center For Alternative Sentencing & Employment Services, Inc, Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for Center For Alternative Sentencing & Employment Services, Inc
NY Nonprofit Organization

Center For Alternative Sentencing & Employment Services, Inc

Entity: Non-profit Organization

Industry: Voluntary Health Organizations

Location: Brooklyn, NY

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Center For Alternative Sentencing & Employment Services, Inc is a non-profit organization located at 151 Lawrence St in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,709,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.71M

Jobs Retained:

297

Loan Approved:

2020-04-11

Lender:

BANKUNITED, NATIONAL ASSOCIATION

Center For Alternative Sentencing & Employment Services, Inc in Brooklyn, NY received a Paycheck Protection Loan of $2.71M through BANKUNITED, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Center For Alternative Sentencing & Employment Services, Inc's total 2019 payroll expenses were approximately $13M in order to qualify for the PPP loan amount received.

Based on their reported 297 jobs retained, this equals an estimated average yearly compensation of $43,787 per employee1.

Because the loan received by Center For Alternative Sentencing & Employment Services, Inc 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 - Center For Alternative Sentencing & Employment Services, Inc in Brooklyn, NY

Center For Alternative Sentencing & Employment Services, Inc
151 Lawrence St
Brooklyn, NY 11201

Business Industry

Voluntary Health Organizations (NAICS code 813212)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-08

Similar Companies near Brooklyn

In the Brooklyn area, 2 businesses in the "Voluntary Health Organizations" industry received a PPP loan. These local businesses reported an average of 152 employees (compared to this company's 297) and received an average PPP loan of $1,417,190 (compared to this company's $2.71M).

Similar Nearby Businesses Who Received PPP Funding:

Forum For The Future Us Inc
Brooklyn, NY

$125,080 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,170 businesses in the "Voluntary Health Organizations" industry received a total of $300,865,194.00 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 22 employees, 93% lower than Center For Alternative Sentencing & Employment Services, Inc's reported 297 employees, and received an average PPP loan of $257,150, 91% lower than this company's loan of $2.71M.

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/center-for-alternative-sentencing-and-employment-services-inc-brooklyn-ny