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PPP Loan Data — Choices Network, Inc, Salina, KS

SBA PPP loan data, payroll data, and salaries for Choices Network, Inc
KS

Choices Network, Inc

Entity: Corporation

Industry: Other Individual and Family Services

Location: Salina, KS

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Choices Network, Inc is a corporation located at 2151 Centennial Rd in Salina, Kansas that received a Coronavirus-related PPP loan from the SBA of $555,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$555,700

Jobs Retained:

134

Loan Approved:

2020-04-09

Lender:

THE BENNINGTON STATE BANK

Choices Network, Inc received a Paycheck Protection Loan of $555,700 through THE BENNINGTON STATE BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Choices Network, Inc's total 2019 payroll expenses were approximately $2.67M in order to qualify for the PPP loan amount received.

Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $19,906 per employee1.

Business Information - Choices Network, Inc in Salina, KS

Choices Network, Inc
2151 Centennial Rd
Salina, KS 67401

Business Industry

Other Individual and Family Services (NAICS code 624190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KS-01

Similar Companies near Salina

In the Salina area, 8 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 134) and received an average PPP loan of $1,376,068 (compared to this company's $555,700).

Industry PPP Comparison Statistics

Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 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 17 employees, 87% lower than Choices Network, Inc's reported 134 employees, and received an average PPP loan of $145,761, 74% lower than this company's loan of $555,700.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/choices-network-inc-salina-ks