PPP Loan Data — Center For Alternative Sentencing & Employment Services, Inc, Brooklyn, NY
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
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.
Business Information - Center For Alternative Sentencing & Employment Services, Inc in Brooklyn, NY
151 Lawrence St
Brooklyn, NY 11201
Voluntary Health Organizations (NAICS code 813212)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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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