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PPP Loan Data — Community Housing Partners Corp, Christiansburg, VA

SBA PPP loan data, payroll data, and salaries for Community Housing Partners Corp
VA Nonprofit Organization

Community Housing Partners Corp

Entity: Non-profit Organization

Industry: Other Community Housing Services

Location: Christiansburg, VA

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Community Housing Partners Corp is a non-profit organization located at 448 Depot St, Ne in Christiansburg, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,278,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.28M

Jobs Retained:

340

Loan Approved:

2020-04-07

Lender:

ATLANTIC UNION BANK

Community Housing Partners Corp in Christiansburg, VA received a Paycheck Protection Loan of $4.28M through ATLANTIC UNION BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Community Housing Partners Corp's total 2019 payroll expenses were approximately $20.54M in order to qualify for the PPP loan amount received.

Based on their reported 340 jobs retained, this equals an estimated average yearly compensation of $60,407 per employee1.

Because the loan received by Community Housing Partners Corp 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 - Community Housing Partners Corp in Christiansburg, VA

Community Housing Partners Corp
448 Depot St, Ne
Christiansburg, VA 24073

Business Industry

Other Community Housing Services (NAICS code 624229)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VA-09

Industry PPP Comparison Statistics

Nationwide, 1,771 businesses in the "Other Community Housing Services" industry received a total of $328,310,030.00 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 19 employees, 94% lower than Community Housing Partners Corp's reported 340 employees, and received an average PPP loan of $185,381, 96% lower than this company's loan of $4.28M.

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, 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/community-housing-partners-corp-christiansburg-va