PPP Loan Data — Center For School Crisis Intervention And Assessment, Inc, Holyoke, MA
Center For School Crisis Intervention And Assessment, Inc is a subchapter s corporation located at 1913 Northampton Street in Holyoke, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,581,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 130 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Center For School Crisis Intervention And Assessment, Inc in Holyoke, MA received a Paycheck Protection Loan of $1.58M through Berkshire Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Center For School Crisis Intervention And Assessment, Inc's 2019 payroll expenses are estimated to be at least $7.59M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $58,379 per employee1
Reported PPP Proceed Usage:
On the PPP application, Center For School Crisis Intervention And Assessment, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,581,100
Business Information - Center For School Crisis Intervention And Assessment, Inc in Holyoke, MA
1913 Northampton Street
Holyoke, MA 1040
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Holyoke
In the Holyoke area, 7 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 130) and received an average PPP loan of $417,183 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
Homework House, Inc
School Services Diagnostic Center, Inc
Transportation Options, Inc
Lighthouse Personalized Education For Teens, Inc
School Based Services, Inc
Springdale Education Center, Inc
Industry PPP Comparison Statistics
Nationwide, 22,714 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 38 employees, 71% lower than Center For School Crisis Intervention And Assessment, Inc's reported 130 employees, and received an average PPP loan of $323,643, 80% lower than this company's loan of $1.58M.
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Footnotes & Information
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