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PPP Loan Data — Children's Home Society Of South Dakota, Sioux Falls, SD

SBA PPP loan data, payroll data, and salaries for Children's Home Society Of South Dakota
SD Nonprofit Organization

Children's Home Society Of South Dakota

Entity: Non-profit Organization

Industry: Other Grantmaking and Giving Services

Location: Sioux Falls, SD

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Children's Home Society Of South Dakota is a non-profit organization located at 801 N Sycamore Ave in Sioux Falls, South Dakota that received a Coronavirus-related PPP loan from the SBA of $2,895,687.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.9M

Jobs Retained:

288

Loan Approved:

2020-04-06

Lender:

FIRST PREMIER BANK

Children's Home Society Of South Dakota received a Paycheck Protection Loan of $2.9M through FIRST PREMIER BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Children's Home Society Of South Dakota's total 2019 payroll expenses were approximately $13.9M in order to qualify for the PPP loan amount received.

Based on their reported 288 jobs retained, this equals an estimated average yearly compensation of $48,261 per employee1.

Because the loan received by Children's Home Society Of South Dakota is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Children's Home Society Of South Dakota in Sioux Falls, SD

Children's Home Society Of South Dakota
801 N Sycamore Ave
Sioux Falls, SD 57110

Business Industry

Other Grantmaking and Giving Services (NAICS code 813219)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SD-

Industry PPP Comparison Statistics

Nationwide, 6,269 businesses in the "Other Grantmaking and Giving Services" industry received a total of $998,645,047.00 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, 94% lower than Children's Home Society Of South Dakota's reported 288 employees, and received an average PPP loan of $159,299, 94% lower than this company's loan of $2.9M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/childrens-home-society-of-south-dakota-sioux-falls-sd