FederalPay.org
PPP Loan Data — Convoy Of Hope,
Springfield, MO
Convoy Of Hope
Entity: Non-profit Organization
Industry: Civic and Social Organizations
Location: Springfield, MO
Tweet This
•
Search All PPP Data
Convoy Of Hope is a non-profit organization located at 330 S Patterson Ave in Springfield, Missouri that received a Coronavirus-related PPP loan from the SBA of $3,633,700.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 210 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
210Loan Approved:
2020-04-03Lender:
CENTRAL BANK OF THE OZARKSConvoy Of Hope in Springfield, MO received a Paycheck Protection Loan of $3.63M through CENTRAL BANK OF THE OZARKS, which was approved in April, 2020.
Based on standard PPP eligibility rules, Convoy Of Hope's total 2019 payroll expenses were approximately $17.44M in order to qualify for the PPP loan amount received.
Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $83,056 per employee1.
Business Information - Convoy Of Hope in Springfield, MO
330 S Patterson Ave
Springfield, MO 65802
Business Industry
Civic and Social Organizations (NAICS code 813410)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MO-07Similar Companies near Springfield
In the Springfield area, 10 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 210) and received an average PPP loan of $488,669 (compared to this company's $3.63M).
Similar Nearby Businesses Who Received PPP Funding:
Boys & Girls Club Of Springfield, Inc.
Springfield, MO
Drew Lewis Foundation Inc
Springfield, MO
Network211
Springfield, MO
Crisis Nursery Of The Ozarks, Inc
Springfield, MO
Oasis Refuge, Inc.
Springfield, MO
4 The World Resource Distributors
Springfield, MO
Girl Scouts Of The Missouri Heartland, Inc.
Springfield, MO
The Rainbow Network, Inc
Springfield, MO
Industry PPP Comparison Statistics
Nationwide, 11,463 businesses in the "Civic and Social Organizations" industry received a total of $1,562,132,328.00 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 16 employees, 92% lower than Convoy Of Hope's reported 210 employees, and received an average PPP loan of $136,276, 96% lower than this company's loan of $3.63M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!