PPP Loan Data — Children And Adult Disability And Educational Services, Swarthmore, PA
Children And Adult Disability And Educational Services is a non-profit organization located at 401 Rutgers Ave in Swarthmore, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,588,800.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Children And Adult Disability And Educational Services received a Paycheck Protection Loan of $4.59M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Children And Adult Disability And Educational Services' total 2019 payroll expenses were approximately $22.03M in order to qualify for the PPP loan amount received.
Based on their reported 492 jobs retained, this equals an estimated average yearly compensation of $44,769 per employee1.
Business Information - Children And Adult Disability And Educational Services in Swarthmore, PA
401 Rutgers Ave
Swarthmore, PA 19081
Civic and Social Organizations (NAICS code 813410)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-05
Similar Companies near Swarthmore
In the Swarthmore area, 2 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 249 employees (compared to this company's 492) and received an average PPP loan of $2,328,232 (compared to this company's $4.59M).
Similar Nearby Businesses Who Received PPP Funding:
Delaware County Advocacy & Resource Organization
Industry PPP Comparison Statistics
Nationwide, 11,463 businesses in the "Civic and Social Organizations" industry received a total of $1,562,132,328.00 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 16 employees, 97% lower than Children And Adult Disability And Educational Services' reported 492 employees, and received an average PPP loan of $136,276, 97% lower than this company's loan of $4.59M.
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.
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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