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PPP Loan Data — Community Mental Health Center Inc, Lawrenceburg, IN

SBA PPP loan data, payroll data, and salaries for Community Mental Health Center Inc
IN

Community Mental Health Center Inc

Entity: Corporation

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Lawrenceburg, IN

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Community Mental Health Center Inc is a corporation located at 285 Bielby Rd in Lawrenceburg, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,654,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.65M

Jobs Retained:

287

Loan Approved:

2020-04-11

Lender:

CIVISTA BANK

Community Mental Health Center Inc received a Paycheck Protection Loan of $2.65M through CIVISTA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Community Mental Health Center Inc's total 2019 payroll expenses were approximately $12.74M in order to qualify for the PPP loan amount received.

Based on their reported 287 jobs retained, this equals an estimated average yearly compensation of $44,392 per employee1.

Because the loan received by Community Mental Health Center Inc 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 Mental Health Center Inc in Lawrenceburg, IN

Community Mental Health Center Inc
285 Bielby Rd
Lawrenceburg, IN 47025

Business Industry

Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-06

Industry PPP Comparison Statistics

Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 92% lower than Community Mental Health Center Inc's reported 287 employees, and received an average PPP loan of $244,297, 91% lower than this company's loan of $2.65M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/community-mental-health-center-inc-lawrenceburg-in