PPP Loan Data — Children's Aid And Family Services, Inc, Paramus, NJ
Children's Aid And Family Services, Inc is a non-profit organization located at 200 Robin Rd in Paramus, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,119,727.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Children's Aid And Family Services, Inc in Paramus, NJ received a Paycheck Protection Loan of $2.12M through TD Bank, National Association, which was approved in April, 2020.
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, Children's Aid And Family Services, Inc's 2019 payroll expenses are estimated to be at least $10.17M.
Based on their reported 329 jobs retained, this equals an estimated average yearly compensation of $30,926 per employee1
Reported PPP Proceed Usage:
On the PPP application, Children's Aid And Family Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,119,727
Business Information - Children's Aid And Family Services, Inc in Paramus, NJ
200 Robin Rd
Paramus, NJ 7652
Child and Youth Services
NAICS code 624110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 14,718 businesses in the "Child and Youth Services" industry received a total of $1.94B 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 18 employees, 95% lower than Children's Aid And Family Services, Inc's reported 329 employees, and received an average PPP loan of $132,042, 94% lower than this company's loan of $2.12M.
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Footnotes & Information
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