PPP Loan Data — Children's Defense Fund, Washington, DC
Children's Defense Fund is a non-profit organization located at 840 First Street Ne, Ste 300 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $2,043,478.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Children's Defense Fund in Washington, DC received a Paycheck Protection Loan of $2.04M through EagleBank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 Defense Fund's 2019 payroll expenses are estimated to be at least $9.81M.
Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $81,739 per employee1
Reported PPP Proceed Usage:
On the PPP application, Children's Defense Fund reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,043,478
Business Information - Children's Defense Fund in Washington, DC
840 First Street Ne, Ste 300
Washington, DC 20002
Other Social Advocacy Organizations
NAICS code 813319
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 67 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 120) and received an average PPP loan of $216,061 (compared to this company's $2.04M).
Similar Nearby Businesses Who Received PPP Funding:
The Niskanen Center Inc
She Should Run
Wand Education Fund Inc
National Coalition Against
The Expectations Project
Brady Center To Prevent Gun Violence
National American Indian Housing Council
Anacostia Riverkeeper, Inc
Industry PPP Comparison Statistics
Nationwide, 9,921 businesses in the "Other Social Advocacy Organizations" industry received a total of $1.43B 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 16 employees, 87% lower than Children's Defense Fund's reported 120 employees, and received an average PPP loan of $144,360, 93% lower than this company's loan of $2.04M.
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Footnotes & Information
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