PPP Loan Data — Clinton Substance Abuse Council, Inc, Clinton, IA
Clinton Substance Abuse Council, Inc is a non-profit organization located at 250 20th Ave N, Suite 146 in Clinton, Iowa that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
The company has reported itself as a female owned non-profit, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Clinton National Bank
Clinton Substance Abuse Council, Inc in Clinton, IA received a Paycheck Protection Loan of $25,300 through The Clinton National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Clinton Substance Abuse Council, Inc's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Clinton Substance Abuse Council, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,975
- Mortgage Interest: $6,325
Business Information - Clinton Substance Abuse Council, Inc in Clinton, IA
250 20th Ave N, Suite 146
Clinton, IA 52732
Other Social Advocacy Organizations
NAICS code 813319
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
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, 433% higher than Clinton Substance Abuse Council, Inc's reported 3 employees, and received an average PPP loan of $144,360, 471% higher than this company's loan of $25,300.
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Footnotes & Information
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