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PPP Loan Data — Children's Miracle Network, Salt Lake City, UT

SBA PPP loan data, payroll data, and salaries for Children's Miracle Network
UT Nonprofit Organization

Children's Miracle Network

Entity: Non-profit Organization

Industry: Grantmaking Foundations

Location: Salt Lake City, UT

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Children's Miracle Network is a non-profit organization located at 205 West 700 South in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,441,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.44M

Jobs Retained:

165

Loan Approved:

2020-04-03

Lender:

CACHE VALLEY BANK

Children's Miracle Network received a Paycheck Protection Loan of $2.44M through CACHE VALLEY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Children's Miracle Network's total 2019 payroll expenses were approximately $11.72M in order to qualify for the PPP loan amount received.

Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $71,031 per employee1.

Because the loan received by Children's Miracle Network 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 Miracle Network in Salt Lake City, UT

Children's Miracle Network
205 West 700 South
Salt Lake City, UT 84101

Business Industry

Grantmaking Foundations (NAICS code 813211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: UT-02

Similar Companies near Salt Lake City

In the Salt Lake City area, 3 businesses in the "Grantmaking Foundations" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 165) and received an average PPP loan of $834,315 (compared to this company's $2.44M).

Industry PPP Comparison Statistics

Nationwide, 3,204 businesses in the "Grantmaking Foundations" industry received a total of $410,316,849.00 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 12 employees, 93% lower than Children's Miracle Network's reported 165 employees, and received an average PPP loan of $128,064, 95% lower than this company's loan of $2.44M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/childrens-miracle-network-salt-lake-city-ut